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		211		155
Buildings and equipment		417		410
Less: Accumulated depreciation		(99)		(130)
Patent		34		37
	$	1,291	$	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		28		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		259		227
Less: Treasury stock		(14)		0
	$	1,291	$	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 $56 million was acquired by issuing $28 million cash and a 10%, four-year, $28 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 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.