Required:

Prepare the statement of cash flows of Surmise Company for the year ended December $31,2024.$ Use the indirect method to present cash flows from operating activities because you do not have sufficient information to use the direct method. You will need to make reasonable assumptions concerning the reasons for changes in some account balances. A spreadsheet or T$-$account analysis will be helpful. $($Hint: The right to use a building was acquired with a seven$-$year lease agreement. Annual lease payments of $$9$ million are paid at January $1$ of each year starting in $2024.)$

Note: Enter your answers in millions $($i$.$e$.,10,000,000$ should be entered as $10).$ Amounts to be deducted should be indicated with a minus sign.The comparative balance sheets for $2024$ and $2023$ are glven below for Surmlse Company. Net Income for $2024$ was $$74$ million.

Required:

Prepare the statement of cash flows of Surmise Company for the year ended December $31,2024.$ Use the Indirect method to present

cash flows from operating activitles because you do not have sufficient information to use the direct method. You will need to make

reasonable assumptions concerning the reasons for changes in some account balances. A spreadsheet or T$-$account analysis will be

helpful. $($Hint: The right to use a bullding was acquired with a seven$-$year lease agreement. Annual lease payments of $$9$ million are

paid at January $1$ of each year starting in $2024.)$

Note: Enter your answers In milllons $($l$.$e$.,10,000,000$ should be entered as $10).$ Amounts to be deducted should be Indlcated with

a minus slgn$.$