Required:

Prepore the ststement of cosh flows for Arduous Compony using the indirect method.

Note: Amounts to be deducted should be Indicated with a minus sign. Enter your answers In millions $(1.$e$.,10,000,000$ should be

entered as $10).$The comporative balance sheets for $2024$ and $2023$ and the income statement for $2024$ are given below for Arduous Company.

Additional information from Arduous's accounting records is provided also.

Additional information from the occounting records:

$.$ Investment revenue includes Arduous Company's $$23$ million share of the net income of Demur Company, an equity method

investee.

b$.$ Tressury bills were sold during $2024$ at a goin of $$2$ million. Arduous Company classifies its investments in Treasury bills os cash

equivalents.

c$.$ Equipment originally costing $$104$ million that was one$-$half depreciated was rendered unusable by oflood. Most major

components of the equipment were unharmed ond were sold for $$24$ million.

d$.$ Temporary differences between pretox sccounting income snd toxsble income coused the deferred tox liability to increase by

$$20$ million.

e$.$ The preferred stock of Tory Corporation was purchased for $$42$ million as a long$-$term investment.

f$.$ Land costing $$64$ million was acquired by issuing $$32$ milion cosh and a $15\%,$ four$-$year, $$32$ million note poyable to the seller.

g$.$ At December $31,2024,$ the right to use a building was acquired with a $15-$yeor finance lease agreement; present volue of lease

payments, $$107$ million. Annual lease pryments of $$8$ million are paid ot the end of each year beginning in $2024.$

h$.$ $$77$ million of bonds were retired at maturity.

i$.$ In February, Arduous issued a stock dividend $(10\mathrm{.}8$ million shares$).$ The market price of the $$5$ por value common stock was $$7\mathrm{.}50$

per share at that time.

j$.$ In April, $1$ million sheres of common stock were repurchased as treasury stock at a cost of $$26$ million.