The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for National Intercable Company. Additional information from NICs accounting records is provided also.

NATIONAL INTERCABLE COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ in millions)
	2018				2017
Assets
Cash	$	130			$	110
Accounts receivable		329				320
Less: Allowance for uncollectible accounts		(11	)			(9	)
Prepaid insurance		4				10
Inventory		306				300
Long-term investment		59				90
Land		210				210
Buildings and equipment		330				310
Less: Accumulated depreciation		(110	)			(100	)
Trademark		28				30
	$	1,275			$	1,271
Liabilities
Accounts payable	$	41			$	60
Salaries payable		5				8
Deferred income tax liability		26				20
Lease liability		66				0
Bonds payable		140				300
Less: Discount on bonds		(27	)			(31	)
Shareholders' Equity
Common stock		330				310
Paid-in capitalexcess of par		135				105
Preferred stock		60				0
Retained earnings		499				499
	$	1,275			$	1,271

NATIONAL INTERCABLE COMPANY Income Statement For Year Ended December 31, 2018 ($ in millions)
Revenues
Sales revenue	$	450
Investment revenue		16
Gain on sale of investments		7		$	473
Expenses
Cost of goods sold		200
Salaries expense		66
Depreciation expense		25
Trademark amortization expense		2
Bad debt expense		7
Insurance expense		30
Bond interest expense		45
Loss on building fire		41			416
Income before tax					57
Income tax expense					31
Net income				$	26

Additional information from the accounting records:

1. Investment revenue includes National Intercable Company's $9 million share of the net income of Central Fiber Optics Corporation, an equity method investee.
2. A long-term investment in bonds, originally purchased for $40 million, was sold for $47 million.
3. Pretax accounting income exceeded taxable income causing the deferred income tax liability to increase by $6 million.
4. A building that originally cost $60 million, and which was one-fourth depreciated, was destroyed by fire. Some undamaged parts were sold for $4 million.
5. The right to use a building was acquired with a seven-year lease agreement; present value of lease payments, $80 million. Annual lease payments of $14 million are paid at Jan. 1 of each year starting in 2018.
6. $160 million of bonds were retired at maturity.
7. $20 million par value of common stock was sold for $50 million, and $60 million of preferred stock was sold at par.
8. Shareholders were paid cash dividends of $26 million.

Required: 2. Prepare the statement of cash flows. Present cash flows from operating activities by the direct method. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10.). Amounts to be deducted should be indicated with a minus sign.)