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	$	157			$	140
Accounts receivable		418				410
Less: Allowance for uncollectible accounts		(7	)			(5	)
Prepaid insurance		7				14
Inventory		396				390
Long-term investment		76				120
Land		270				270
Buildings and equipment		406				370
Less: Accumulated depreciation		(139	)			(130	)
Trademark		23				25
	$	1,607			$	1,604
Liabilities
Accounts payable	$	52			$	72
Salaries payable		5				8
Deferred tax liability		21				17
Lease liability		106				0
Bonds payable		140				330
Less: Discount on bonds		(32	)			(37	)
Shareholders' Equity
Common stock		410				370
Paid-in capitalexcess of par		145				135
Preferred stock		70				0
Retained earnings		690				709
	$	1,607			$	1,604

NATIONAL INTERCABLE COMPANY Income Statement For Year Ended December 31, 2021 ($ in millions)
Revenues
Sales revenue	$	570
Investment revenue		17
Gain on sale of investments		4		$	591
Expenses
Cost of goods sold		260
Salaries expense		76
Depreciation expense		30
Amortization expense		2
Bad debt expense		7
Insurance expense		42
Interest expense		60
Loss on sale of building		57			534
Income before tax					57
Income tax expense					36
Net income				$	21

Additional information from the accounting records:

1. Investment revenue includes National Intercable Company's $8 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 $52 million, was sold for $56 million.
3. Pretax accounting income exceeded taxable income, causing the deferred income tax liability to increase by $4 million.
4. A building that originally cost $84 million, and which was one-fourth depreciated, was destroyed by fire. Some undamaged sections were sold for $6 million.
5. The right to use a building was acquired with a seven-year lease agreement; present value of lease payments, $120 million. Annual lease payments of $14 million are paid at Jan. 1 of each year starting in 2021.
6. $190 million of bonds were retired at maturity.
7. $40 million par value of common stock was sold for $50 million, and $70 million of preferred stock was sold at par.
8. Shareholders were paid cash dividends of $40 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.)