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Saved Portions of the financial statements for Myriad Products are provided below. $ 880 308 572 MYRIAD PRODUCTS COMPANY Income Statement For the Year Ended

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Saved Portions of the financial statements for Myriad Products are provided below. $ 880 308 572 MYRIAD PRODUCTS COMPANY Income Statement For the Year Ended December 31, 2021 ($ in millions) Sales Cost of goods sold Gross margin Salaries expense $145 Depreciation expense 96 Amortization expense 5 Interest expense 36 Loss on sale of land 4 Income before taxes Income tax expense Net Income 286 286 143 $ 143 es MYRIAD PRODUCTS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2021 and 2020 ($ in millions) Year 2021 2020 Change Cash $135 $128 $ 7 Accounts receivable 259 274 (15) Inventory 464 478 (14) Accounts payable 198 190 8 Salaries payable 106 114 (8) Interest payable 54 48 6 Income tax payable 45 38 7 bile Interest payable Income tax payable 100 544 45 114 40 38 (8) 6 7 Required: Prepare the cash flows from operating activities section of the statement of cash flows for Myriad Products Company using the direct method (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (ie.. 10,000,000 should be entered as 10).) is in millions) Cash Flows from Operating Activities Net cash flows from operating activities

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