The comparative balance sheets for 2016 and 2015 and the income statement for 2016 are given below for Arduous Company. Additional information from Arduouss accounting records is provided also. ARDUOUS COMPANY Comparative Balance Sheets December 31, 2016 and 2015 ($ in millions) 2016 2015 Assets Cash $ 126 $ 86 Accounts receivable 195 204 Investment revenue receivable 12 9 Inventory 213 205 Prepaid insurance 10 18 Long-term investment 172 130 Land 206 155 Buildings and equipment 417 410 Less: Accumulated depreciation (99) (130) Patent 33 37 $ 1,285 $ 1,124 Liabilities Accounts payable $ 55 $ 75 Salaries payable 12 21 Bond interest payable 14 9 Income tax payable 17 19 Deferred income tax liability 21 13 Notes payable 25 0 Lease liability 87 0 Bonds payable 220 285 Less: Discount on bonds (27) (30) Shareholders Equity Common stock 439 415 Paid-in capitalexcess of par 100 90 Preferred stock 80 0 Retained earnings 256 227 Less: Treasury stock (14) 0 $ 1,285 $ 1,124 ARDUOUS COMPANY Income Statement For Year Ended December 31, 2016 ($ in millions) Revenues and gain: Sales revenue $ 460 Investment revenue 16 Gain on sale of treasury bills 3 $ 479 Expenses and loss: Cost of goods sold 185 Salaries expense 78 Depreciation expense 9 Patent amortization expense 3 Insurance expense 12 Bond interest expense 33 Loss on machine damage 28 Income tax expense 41 389 Net income $ 90 Additional information from the accounting records: a. Investment revenue includes Arduous Companys $12 million share of the net income of Demur Company, an equity method investee. b. Treasury bills were sold during 2016 at a gain of $3 million. Arduous Company classifies its investments in Treasury bills as cash equivalents. c. A machine originally costing $80 million that was one-half depreciated was rendered unusable by a flood. Most major components of the machine were unharmed and were sold for $12 million. d. Temporary differences between pretax accounting income and taxable income caused the deferred income tax liability to increase by $8 million. e. The preferred stock of Tory Corporation was purchased for $30 million as a long-term investment. f. Land costing $51 million was acquired by issuing $26 million cash and a 10%, four-year, $25 million note payable to the seller. g. The right to use a building was acquired with a 15-year lease agreement; present value of lease payments, $87 million. h. $65 million of bonds were retired at maturity. i. In February, Arduous issued a 4% stock dividend (3 million shares). The market price of the $6 par value common stock was $8.50 per share at that time. j. In April, 1 million shares of common stock were repurchased as treasury stock at a cost of $14 million. Required: Prepare the statement of cash flows for Arduous Company using the indirect method. (Amounts to be deducted should be indicated with a minus sign. Do not round your intermediate calculations. Enter your answers in millions (i.e., 10,000,000 should be entered as 10.).)