The comparative balance sheets for 2013 and 2017 and the statement of income for 2018 are glven below for National Intercablo Company Additional Information from NIC accounting records is provided ako. MATTONAL TNTERCALE COMPANY Comparative Balance Sheets December 31, 2018 and 2017 (5 in millions) 2018 2017 $ 174 155 Accounts receivable Lass: Allowance for uncollectible accounts Prepald Insurance buildings and equipment Less Accumulated depreciation $1,758 $1.753 Labilities ccounts payable Deferred income tax liability $ 55 19&*3*233** ***932 828 pls $ 78 Dends payable Shareholders' Equity Pald-in capital excess of par Preferred stock Retained warnings $1,758 $1, NATIONAL INTERCALLE COMPANY Income Statement For Year Ended December 11, 2015 Non ding fire Thcore bore te Additional information from the accounting records a. Investment revenue includes National intercable Company's $9 million share of the net income of Central Fiber Opocs Corporation an equity method investee b. A long-term restment in bonds, originally purchased for $58 million was sold for $65 millon Pretax accounting income exceeded taxable income causing the deferred income tax Tablity to increase by $5 million Abulding that originally cost $96 mion, and which was one fourth depreciated was destroyed by fre. Some undamaged parts were sold for $5 million e The right to use s building was acquired with a seven-year lease agreement procent value of lease payments $120 mln Annu lease payments of Sn million are paid at Jan 1 of each year starting in 2018 f $950 million of bonds were retired at maturity a $20 million par value of common stock was sold for $40 million and 550 million of preferred stock was cold at par h Shareholders were paid cash dividends of $64 million Required: 2 Prepare the statement of cash flow Procent cash flows from operating activities by the direct method. (Enter your answers in millions le 10.000.000 should be entered as 10.). Amounts to be deducted should be indicated with a minus sign) NATIONAL INTERCABLE COMPANY Statement of Cash Flows The comparative balance sheets for 2013 and 2017 and the statement of income for 2018 are glven below for National Intercablo Company Additional Information from NIC accounting records is provided ako. MATTONAL TNTERCALE COMPANY Comparative Balance Sheets December 31, 2018 and 2017 (5 in millions) 2018 2017 $ 174 155 Accounts receivable Lass: Allowance for uncollectible accounts Prepald Insurance buildings and equipment Less Accumulated depreciation $1,758 $1.753 Labilities ccounts payable Deferred income tax liability $ 55 19&*3*233** ***932 828 pls $ 78 Dends payable Shareholders' Equity Pald-in capital excess of par Preferred stock Retained warnings $1,758 $1, NATIONAL INTERCALLE COMPANY Income Statement For Year Ended December 11, 2015 Non ding fire Thcore bore te Additional information from the accounting records a. Investment revenue includes National intercable Company's $9 million share of the net income of Central Fiber Opocs Corporation an equity method investee b. A long-term restment in bonds, originally purchased for $58 million was sold for $65 millon Pretax accounting income exceeded taxable income causing the deferred income tax Tablity to increase by $5 million Abulding that originally cost $96 mion, and which was one fourth depreciated was destroyed by fre. Some undamaged parts were sold for $5 million e The right to use s building was acquired with a seven-year lease agreement procent value of lease payments $120 mln Annu lease payments of Sn million are paid at Jan 1 of each year starting in 2018 f $950 million of bonds were retired at maturity a $20 million par value of common stock was sold for $40 million and 550 million of preferred stock was cold at par h Shareholders were paid cash dividends of $64 million Required: 2 Prepare the statement of cash flow Procent cash flows from operating activities by the direct method. (Enter your answers in millions le 10.000.000 should be entered as 10.). Amounts to be deducted should be indicated with a minus sign) NATIONAL INTERCABLE COMPANY Statement of Cash Flows