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prepare the cash flows operating activities section of the statement of cash flows for myriad products company using the INDIRECT METHOD. Portions of the financial

prepare the cash flows operating activities section of the statement of cash flows for myriad products company using the INDIRECT METHOD. image text in transcribed
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Portions of the financial statements for Myrtad Products are provided below. $ 688 238 442 MYRIAD PRODUCTS COMPANY Income Statement For the Year Ended December 31, 2821 in millions) Sales Cost of goods sold Gross margin Salaries expense Depreciation expense Amortization expense Interest expense Loss on sale of land Income before taxes Income tax expense Net Income 196 246 123 123 MYRIAD PRODUCTS COMPANY Selected Accounts from Comparative Balance Sheets December 31 2221 and 2010 is in millions) Year 2021 2828 16 Accounts receivable Inventory Accounts payable ular les payable Interest payable Income tax payable LG CT OLCE a BRO CD a PILLAD PRODUCTS COMPA Selected Accounts from comparative Balance Sheets December 31, 2821 and 2020 ($ in millions) . Chang Cash Accounts receivable Inventory Accounts payable Salaries payable Interest payable Income tax payable 2821 $114188 228 444 168 9183322 Required: Prepare the cash flows from the operating activities section of the statement of cash flows for Myrlad Products Company using the indirect method (Enter your answers in millions (le, 10,000,000 should be entered as 10). Amounts to be deducted should be Indicated with a minus sign.) $ in millions) Cash Flows from Operating Activities: Adjustments for noncash effects Changes in operating assets and liabilities: LL Ner cash Fows from operating actes

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