PROBLEM 15-19 Prepare a Statement of Cash Flows LO15-1, LO15-2, LO15-3, LO15-4, LO15-5 Page 718 A comparative balance sheet and an income statement for Burgess Company are given below: Burgess also provided the following information: 1. The company sold equipment for $8 million that originally cost $13 mitlion with accumulated depreciation of $8 million. The gain on the sale was $3 million. 2. The company did not issue any new bonds, pay a dividend, or complete any common stock transactions during the year. Required: 1. Using the indirect method, prepare a statement of cash flows. 2. Assume Burgess had sales of $3,800, net income of $135, and net cash provided by operating activities of $150 in the prior year (all numbers are stated in millions). Prepare a memo summarizing your interpretations of Burgess's financial performance. PROBLEM 15-19 Prepare a Statement of Cash Flows LO15-1, LO15-2, LO15-3, LO15-4, LO15-5 Page 718 A comparative balance sheet and an income statement for Burgess Company are given below: Burgess also provided the following information: 1. The company sold equipment for $8 million that originally cost $13 mitlion with accumulated depreciation of $8 million. The gain on the sale was $3 million. 2. The company did not issue any new bonds, pay a dividend, or complete any common stock transactions during the year. Required: 1. Using the indirect method, prepare a statement of cash flows. 2. Assume Burgess had sales of $3,800, net income of $135, and net cash provided by operating activities of $150 in the prior year (all numbers are stated in millions). Prepare a memo summarizing your interpretations of Burgess's financial performance