The comparative balance sheets for 2018 and 2017 and the income statement for 2018 are given below for Arduous Company Additional information from Arduous's accounting records is provided also. ARDUOUS COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ in millions) Accounts receivable Investment revenue receivable Inventory Prepaid insurance Long-term invest buildings and equipment Less Related depreciation Patent Liile Recounts payable Salaries payable Bend interat payable Deterred nece tax liability Notes payable Lease liability Tonda payable LA Discount on Shareholdere uity Cost Taidia capital o par Preferred stack Retained earnings Les Treasury stock Tee Year Ended December 31, 2018 Additional information from the accounting records a. Investment revenue includes Arduous Company's $8 milion share of the net income of Demur Company, an equity method investee. b. Treasury bills were sold during 2018 at again of $3 million. Arduous Company classifies its investments in Treasury bills as cash equivalents. c. A machine originally costing $72 million that was one-half depreciated was rendered unusable by a flood. Most major components of the machine were unarmed and were sold for $16 milion d. Temporary differences between pretax accounting income and taxable income caused the deferred income tax ability to increase by S4 million .. The preferred stock of Tory Corporation was purchased for $26 milionas a long term investment t Land costing $47 milion was acquired by issuing $23 million cash and a 10%, four year, $24 millon note payable to the seler 9. The right to use a building was acquired with a 15-year lease agreement present value of lease payments, $83 million. Annual lease payments of $6 million are paid at the beginning of each year starting January 1, 2018 h. $61 million of bonds were retired at maturity L in February, Arduous issued a stock dividend 14.4 m on shares. The market price of the $5 par value common stock was $7.50 per share at that time. Also the company paid a cash dividend in April 1 million shares of common stock were repurchased as treasury stock at a cost of $1000 million Check my work equivalents c. A machine originally costing $72 million that was one half depreciated was rendered unusable by a flood. Most major components of the machine were unharmed and were sold for $16 million d. Temporary differences between pretax accounting income and taxable income caused the deferred income tax by to increase by $4 million e. The preferred stock of Tory Corporation was purchased for $26 million as a long term investment Land costing $47 million was acquired by Issuing $23 million cash and a 10%, four year. $24 million note payable to the seller. 9. The right to use a building was acquired with a 15 year lease agreement present value of lease payments 583 million Annual lease payments of $6 million are paid at the beginning of each year starting January 1 2018 h. $61 million of bonds were retired at maturity L in February, Arduous issued a stock dividend (4.4 million sharest. The market price of the $5 per common stock was $750 per share at that time. Also the company paid a cash dividend. In April, 1 million shares of common stock were repurchased as treasury stock at a cost of $10.00 million Required: Prepare the statement of cash flows of Arduous Company for the year ended December 31, 2018. Present cash flows from operating activities by the direct method. (Do not round your intermediate calculations. 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) ARDUOUS COMPANY Statement of Cash Flows For year ended December 31, 2018 is in min) Cashflows from operating activities Cash Infos smar Purchase of treasury stock From investment Nel cash flows from operating Sale of machine components Purchase of long-term investime rash ofroning act Cash flows from racing activities