Problem 13-12 Prepare a Statement of Cash Flows [LO13-1, LO13-2 A comperstive balance ;neet end an ncome stetement for Burgess Compeny 5re given below: Comparatie Balance Sheet dollars in millions Ending Buginning Curnent assets Cash and cash equivalents Total current assets Property. plait, and oquipment Less accusulated doprociation Net property, plant, and eq ipmnt Liabilities and Stockholders' Equity Curnent liabilitles 28 165 Accounts payable Accrued 1iabilities ncome taxes payable Total current liabilities Piyable Stockholders' quity Retainod earnings Total stockholders squity Total liabilities and stockholdears" aquity 3,858 Cost of goods sold Grossmargin Net operating incone Nonoperating Is Gain on sale of oiupreit ncone b fore tas Net Incona a so provided the fallawing The company sod equ pment that had an orlginal cost of $22 miltion and d depreciation of $12 milton. The caah proceeds from the ssle were $12 million. The gain on the e wsa $2 milon 2 Tne compeny did not sue 5ny new bonds during tne year. 3 The company pald a cash dMdend during the yesr 4 The company did net complete any comman stock transactions during the yesr Using the lndirect metnoo, precere ststement of casn flows for the year. (Enter your answers In mllons not in dolar List any deduction In cash and cash outflows as negative amounts.) Oparating activtos Ending cash and cash quivalants