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	$	118			$	85
Accounts receivable		194				202
Investment revenue receivable		10				8
Inventory		213				204
Prepaid insurance		8				14
Long-term investment		168				129
Land		204				154
Buildings and equipment		416				408
Less: Accumulated depreciation		(100	)			(128	)
Patent		37				39
	$	1,268			$	1,115
Liabilities
Accounts payable	$	54			$	73
Salaries payable		10				20
Interest payable (bonds)		12				8
Income tax payable		16				21
Deferred tax liability		19				12
Notes payable		25				0
Lease liability		80				0
Bonds payable		219				283
Less: Discount on bonds		(26	)			(34	)
Shareholders Equity
Common stock		442				414
Paid-in capitalexcess of par		103				89
Preferred stock		79				0
Retained earnings		248				229
Less: Treasury stock		(13	)			0
	$	1,268			$	1,115

ARDUOUS COMPANY Income Statement For Year Ended December 31, 2021 ($ in millions)
Revenues and gain:
Sales revenue	$	439
Investment revenue		15
Gain on sale of Treasury bills		2		$	456
Expenses and loss:
Cost of goods sold		184
Salaries expense		77
Depreciation expense		11
Amortization expense		2
Insurance expense		11
Interest expense		32
Loss on sale of equipment		26
Income tax expense		40			383
Net income				$	73

Additional information from the accounting records:

1. Investment revenue includes Arduous Companys $10 million share of the net income of Demur Company, an equity method investee.
2. Treasury bills were sold during 2021 at a gain of $2 million. Arduous Company classifies its investments in Treasury bills as cash equivalents.
3. Equipment originally costing $78 million that was one-half depreciated was rendered unusable by a flood. Most major components of the equipment were unharmed and were sold for $13 million.
4. Temporary differences between pretax accounting income and taxable income caused the deferred tax liability to increase by $7 million.
5. The preferred stock of Tory Corporation was purchased for $29 million as a long-term investment.
6. Land costing $50 million was acquired by issuing $25 million cash and a 10%, four-year, $25 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, $86 million. Annual lease payments of $6 million are paid at the beginning of each year starting January 1, 2021.
8. $64 million of bonds were retired at maturity.
9. In February, Arduous issued dividend (5.6 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 $13.00 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.)