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

ARDUOUS COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ in millions)
	2018				2017
Assets
Cash	$	121			$	88
Accounts receivable		197				208
Investment revenue receivable		16				11
Inventory		212				207
Prepaid insurance		14				21
Long-term investment		180				132
Land		210				157
Buildings and equipment		419				414
Less: Accumulated depreciation		(104	)			(134	)
Patent		37				42
	$	1,302			$	1,146
Liabilities
Accounts payable	$	57			$	79
Salaries payable		16				23
Bond interest payable		18				11
Income tax payable		19				24
Deferred income tax liability		25				15
Notes payable		27				0
Lease liability		80				0
Bonds payable		222				289
Less: Discount on bonds		(29	)			(32	)
Shareholders Equity
Common stock		451				417
Paid-in capitalexcess of par		109				92
Preferred stock		82				0
Retained earnings		241				228
Less: Treasury stock		(16	)			0
	$	1,302			$	1,146

ARDUOUS COMPANY Income Statement For Year Ended December 31, 2018 ($ in millions)
Revenues and gain:
Sales revenue	$	460
Investment revenue		22
Gain on sale of treasury bills		5		$	487
Expenses and loss:
Cost of goods sold		187
Salaries expense		80
Depreciation expense		12
Patent amortization expense		5
Insurance expense		14
Bond interest expense		35
Loss on machine damage		30
Income tax expense		43			406
Net income				$	81

Additional information from the accounting records:

1. Investment revenue includes Arduous Companys $16 million share of the net income of Demur Company, an equity method investee.
2. Treasury bills were sold during 2018 at a gain of $5 million. Arduous Company classifies its investments in Treasury bills as cash equivalents.
3. A machine originally costing $84 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.
4. Temporary differences between pretax accounting income and taxable income caused the deferred income tax liability to increase by $10 million.
5. The preferred stock of Tory Corporation was purchased for $32 million as a long-term investment.
6. Land costing $53 million was acquired by issuing $26 million cash and a 15%, four-year, $27 million note payable to the seller.
7. The right to use a building was acquired with a 15-year lease agreement; present value of lease payments, $89 million. Annual lease payments of $9 million are paid at the beginning of each year starting January 1, 2018.
8. $67 million of bonds were retired at maturity.
9. In February, Arduous issued a stock dividend (6.8 million 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.
10. In April, 1 million shares of common stock were repurchased as treasury stock at a cost of $16.00 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 (i.e., 10,000,000 should be entered as 10.). Amounts to be deducted should be indicated with a minus sign.)

Saved Help Save & Exit Submit Check my work 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 (S in millions) Cash flows from operating activities: Cash inflows Cash outflows Saved Help Save & Exit Submit Check my work Noncash investing and financing activities