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 $8 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 given below for Surmise Company. Net income for 2024 was $80 million. \begin{tabular}{|c|c|c|} \hline \begin{tabular}{c} SUPMISE COMPANY \\ Comparative Balance Sheets \\ December 31,2024 and 2023 \\ ( $ in millions) \end{tabular} & 2024 & 2023 \\ \hline \multicolumn{3}{|l|}{ Assets } \\ \hline Cash & $55 & $58 \\ \hline Accounts receivable & 89 & 106 \\ \hline Less: Allowance for uncollectible accounts & (24) & (4) \\ \hline Prepaid expenses & 19 & 16 \\ \hline Inventory & 132 & 110 \\ \hline Long-term investment & 89 & 50 \\ \hline Land & 98 & 98 \\ \hline Buildings and equipment & 490 & 270 \\ \hline Less: Accumulated depreciation & (137) & (108) \\ \hline \multirow[t]{2}{*}{ Patent } & 25 & 26 \\ \hline & $746 & $622 \\ \hline \multicolumn{3}{|l|}{ Liabilities } \\ \hline Accounts payable & $19 & $42 \\ \hline Accrued liabilities. & 4 & 20 \\ \hline Notes payable & 48 & 0 \\ \hline Lease liability & 122 & 0 \\ \hline Bonds payable & 64 & 132 \\ \hline \multicolumn{3}{|l|}{ Shareholders' Equity } \\ \hline Common stock & 69 & 50 \\ \hline Paid-in capital-excess of par & 261 & 205 \\ \hline \multirow[t]{2}{*}{\begin{tabular}{l} Paid-in capital-excess of par \\ Retained earnings \end{tabular}} & \begin{tabular}{l} 201 \\ 159 \end{tabular} & 173 \\ \hline & $746 & $622 \\ \hline \end{tabular}