The comparative 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.

ARDUOUS COMPANY

Comparative Balance Sheets

December $31,2024$ and $2023$

$($$ in millions$)$

$20242023$

Assets

Cash $ $130$ $ $94$

Accounts receivable $203220$

Investment revenue receivable $1917$

Inventory $222213$

Prepaid insurance $1725$

Long$-$term investment $195138$

Land $223163$

Buildings and equipment $431426$

Less: Accumulated depreciation $(111)(146)$

Patent $4750$

$ $1,376$ $ $1,200$

Liabilities

Accounts payable $ $63$ $ $91$

Salaries payable $1931$

Interest payable $($bonds$)2117$

Income tax payable $2529$

Deferred tax liability $3721$

Notes payable $300$

Lease liability $950$

Bonds payable $228301$

Less: Discount on bonds $(35)(41)$

Shareholders$$ Equity

Common stock $469423$

Paid$-$in capital$$excess of par $12198$

Preferred stock $880$

Retained earnings $237230$

Less: Treasury stock $(22)0$

$ $1,376$ $ $1,200$

ARDUOUS COMPANY

Income Statement For Year Ended

December $31,2024$

$($$ in millions$)$

Revenues and gain:

Sales revenue $ $535$

Investment revenue $25$

Gain on sale of treasury bills $2$ $ $562$

Expenses and loss:

Cost of goods sold $193$

Salaries expense $86$

Depreciation expense $13$

Amortization expense $3$

Insurance expense $20$

Interest expense $41$

Loss on sale of equipment $32$

Income tax expense $49437$

Net income $ $125$

Additional information from the accounting records:

Investment revenue includes Arduous Company$$s $$19$ million share of the net income of Demur Company, an equity method investee.

Treasury bills were sold during $2024$ at a gain of $$2$ million. Arduous Company classifies its investments in Treasury bills as cash equivalents.

Equipment originally costing $$96$ million that was one$-$half depreciated was rendered unusable by a flood. Most major components of the equipment were unharmed and were sold for $$16$ million.

Temporary differences between pretax accounting income and taxable income caused the deferred tax liability to increase by $$16$ million.

The preferred stock of Tory Corporation was purchased for $$38$ million as a long$-$term investment.

Land costing $$60$ million was acquired by issuing $$30$ million cash and a $15\%,$ four$-$year, $$30$ million note payable to the seller.

The right to use a building was acquired with a $15-$year lease agreement; present value of lease payments, $$101$ million. Annual lease payments of $$6$ million are paid at the beginning of each year starting January $1,2024.$

$$73$ million of bonds were retired at maturity.

In February, Arduous issued a stock dividend $(9\mathrm{.}2$ million shares$).$ The market price of the $$5$ par value common stock was $$7\mathrm{.}50$ per share at that time.

In April, $1$ million shares of common stock were repurchased as treasury stock at a cost of $$22$ million.

Required:

Prepare the statement of cash flows for Arduous Company using the indirect method.

Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions $($i$.$e$.,10,000,000$ should be entered as $10).$