The comparative balance sheets for 2021 and 2020 and the income statement for 2021 are given below for Arduous Company. Additional information from Arduouss accounting records is provided also. ARDUOUS COMPANY Comparative Balance Sheets December 31, 2021 and 2020 ($ in millions) 2021 2020 Assets Cash $ 148 $ 100 Accounts receivable 209 232 Investment revenue receivable 25 23 Inventory 226 219 Prepaid insurance 23 32 Long-term investment 213 144 Land 234 169 Buildings and equipment 431 438 Less: Accumulated depreciation (117 ) (158 ) Patent 54 56 $ 1,446 $ 1,255 Liabilities Accounts payable $ 69 $ 103 Salaries payable 25 37 Interest payable (bonds) 27 23 Income tax payable 31 38 Deferred tax liability 49 27 Notes payable 33 0 Lease liability 95 0 Bonds payable 234 313 Less: Discount on bonds (41 ) (46 ) Shareholders Equity Common stock 487 429 Paid-in capitalexcess of par 133 104 Preferred stock 94 0 Retained earnings 238 227 Less: Treasury stock (28 ) 0 $ 1,446 $ 1,255 ARDUOUS COMPANY Income Statement For Year Ended December 31, 2021 ($ in millions) Revenues and gain: Sales revenue $ 589 Investment revenue 30 Gain on sale of Treasury bills 2 $ 621 Expenses and loss: Cost of goods sold 199 Salaries expense 92 Depreciation expense 13 Amortization expense 2 Insurance expense 26 Interest expense 47 Loss on sale of equipment 34 Income tax expense 55 468 Net income $ 153 Additional information from the accounting records: Investment revenue includes Arduous Companys $25 million share of the net income of Demur Company, an equity method investee. Treasury bills were sold during 2021 at a gain of $2 million. Arduous Company classifies its investments in Treasury bills as cash equivalents. Equipment originally costing $108 million that was one-half depreciated was rendered unusable by a flood. Most major components of the equipment were unharmed and were sold for $20 million. Temporary differences between pretax accounting income and taxable income caused the deferred tax liability to increase by $22 million. The preferred stock of Tory Corporation was purchased for $44 million as a long-term investment. Land costing $65 million was acquired by issuing $32 million cash and a 10%, four-year, $33 million note payable to the seller. The right to use a building was acquired with a 15-year lease agreement; present value of lease payments, $101 million. Annual lease payments of $6 million are paid at the beginning of each year starting January 1, 2021. $79 million of bonds were retired at maturity. In February, Arduous issued dividend (11.6 million shares). The market price of the $5 par value common stock was $7.50 per share at that time. In April, 1 million shares of common stock were repurchased as treasury stock at a cost of $28.00 million. Required: Prepare the statement of cash flows of Arduous Company for the year ended December 31, 2021. 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.)