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	$	144			$	95
Accounts receivable		204				222
Investment revenue receivable		21				18
Inventory		222				214
Prepaid insurance		19				26
Long-term investment		199				139
Land		224				164
Buildings and equipment		433				428
Less: Accumulated depreciation		(110	)			(148	)
Patent		46				49
	$	1,402			$	1,207
Liabilities
Accounts payable	$	64			$	93
Salaries payable		21				32
Bond interest payable		23				18
Income tax payable		26				30
Deferred income tax liability		39				22
Notes payable		30				0
Lease liability		96				0
Bonds payable		229				303
Less: Discount on bonds		(36	)			(42	)
Shareholders Equity
Common stock		472				424
Paid-in capitalexcess of par		123				99
Preferred stock		92				0
Retained earnings		246				228
Less: Treasury stock		(23	)			0
	$	1,402			$	1,207

ARDUOUS COMPANY Income Statement For Year Ended December 31, 2018 ($ in millions)
Revenues and gain:
Sales revenue	$	550
Investment revenue		26
Gain on sale of treasury bills		3		$	579
Expenses and loss:
Cost of goods sold		194
Salaries expense		87
Depreciation expense		11
Patent amortization expense		3
Insurance expense		21
Bond interest expense		42
Loss on machine damage		31
Income tax expense		50			439
Net income				$	140

Additional information from the accounting records:

1. Investment revenue includes Arduous Companys $21 million share of the net income of Demur Company, an equity method investee.
2. Treasury bills were sold during 2018 at a gain of $3 million. Arduous Company classifies its investments in Treasury bills as cash equivalents.
3. A machine originally costing $98 million that was one-half depreciated was rendered unusable by a flood. Most major components of the machine were unharmed and were sold for $18 million.
4. Temporary differences between pretax accounting income and taxable income caused the deferred income tax liability to increase by $17 million.
5. The preferred stock of Tory Corporation was purchased for $39 million as a long-term investment.
6. Land costing $60 million was acquired by issuing $30 million cash and a 10%, four-year, $30 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, $96 million. Annual lease payments of $7 million are paid at the beginning of each year starting January 1, 2018.
8. $74 million of bonds were retired at maturity.
9. In February, Arduous issued a stock dividend (9.6 million shares). The market price of the $5 par value common stock was $7.50 per share at that time.
10. In April, 1 million shares of common stock were repurchased as treasury stock at a cost of $23 million.

Required: Prepare the statement of cash flows for Arduous Company using the indirect method.

Statement of Cash Flows For year ended December 31, 2018 ($ in millions) Adjustments for noncash effects Changes in operating assets and liabilties Noncash investing and financing activities Statement of Cash Flows For year ended December 31, 2018 ($ in millions) Adjustments for noncash effects Changes in operating assets and liabilties Noncash investing and financing activities