The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are given below for National Intercable Company. Additional information from NICs accounting records is provided also.

NATIONAL INTERCABLE COMPANY Comparative Balance Sheets December 31, 2021 and 2020 ($ in millions)
	2021				2020
Assets
Cash	$	61			$	60
Accounts receivable		175				170
Less: Allowance for uncollectible accounts		(11	)			(5	)
Prepaid insurance		7				10
Inventory		156				150
Long-term investment		22				40
Land		160				160
Buildings and equipment		220				200
Less: Accumulated depreciation		(55	)			(50	)
Trademark		19				20
	$	754			$	755
Liabilities
Accounts payable	$	28			$	40
Salaries payable		3				4
Deferred tax liability		12				10
Lease liability		35				0
Bonds payable		150				250
Less: Discount on bonds		(18	)			(20	)
Shareholders' Equity
Common stock		210				200
Paid-in capitalexcess of par		70				50
Preferred stock		20				0
Retained earnings		244				221
	$	754			$	755

NATIONAL INTERCABLE COMPANY Income Statement For Year Ended December 31, 2021 ($ in millions)
Revenues
Sales revenue	$	250
Investment revenue		11
Gain on sale of investments		5		$	266
Expenses
Cost of goods sold		100
Salaries expense		50
Depreciation expense		10
Amortization expense		1
Bad debt expense		4
Insurance expense		10
Interest expense		20
Loss on sale of building		13			208
Income before tax					58
Income tax expense					25
Net income				$	33

Additional information from the accounting records:

1. Investment revenue includes National Intercable Company's $2 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 $20 million, was sold for $25 million.
3. Pretax accounting income exceeded taxable income, causing the deferred income tax liability to increase by $2 million.
4. A building that originally cost $20 million, and which was one-fourth depreciated, was destroyed by fire. Some undamaged sections were sold for $2 million.
5. The right to use a building was acquired with a seven-year lease agreement; present value of lease payments, $40 million. Annual lease payments of $5 million are paid at Jan. 1 of each year starting in 2021.
6. $100 million of bonds were retired at maturity.
7. $10 million par value of common stock was sold for $30 million, and $20 million of preferred stock was sold at par.
8. Shareholders were paid cash dividends of $10 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.)