The comparative balance sheets for 2021 and 2020 and the income statement for 2021 are given below for Arduous Comp Additional information from Arduous's accounting records is providedialso. Additional information from the accounting records: a. Investment revenue includes Arduous Company's $6 million share of the net income of Demur Company, an equity method investee. b. Treasury bills were sold during 2021 at a gain of $2 milion. Arduous Company dassifies its investments in Treasury bills as cash equivalerits. c. Equipment originally costing $70 million that was one-half depreciated was rendered unusable by a flood. Most major components of the equipment were unharmed and were sold for $17 milition. d. Temporaty differences between pretax accounting income and taxable income caused the deferred tax liability to increase by $3 mulion. e. The preferred stock of Tory Corporation was purchased for $25 million as a long-term investment. f. Land costing $46 milion was acquired by issuing $23 miltion cash and a 15%, four-year, $23 million note payable to the seller. 9. The right to use a building was acquired with a 15 year lease agreement, present value of lease payments, \$82 million. Annual lease payments of $7 million are paid at the beginning of each year starting January 1, 2021 h. $60 milion of bonds were retired at maturity. i. In February, Arduous issued a 5% stock dividend (4 million shares). The market price of the $5 par value common stock was $7.50 per share at that time 1. In April, 1 million shares of common stock were repurchased as treasury stock at a cost of $9 million. Required: Prepare the statement of cash flows for Arduous Company using the indirect method (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) ARDUOUS COMPANY Statement of Cash Flows For year ended December 31, 2021 ( 5 in millions) Cash flows from operating activities: Net income Adjustments for noncash effects: Depreciation expense Amortization expense Loss on equipment damage Amortizatin of discount Changes in operating assets and liabilities: Decrease in accounts receivable Increase in investment revenue recelvable Increase in investment due to equity method income Increase in inventory Decrease in prepaid insurance Decrease in accounts payable Decrease in salaries payable Increase in interest payable Decrease in income tax payable Increase in deferred tax liability Net cash flows from operating activities Cash flows from investing activities: Sale of equipment components Purchase of land Purchase of long-term investment Net cash flows from investing activities Cash flows from financing activities: Purchase of treasury stock