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	$	136			$	94
Accounts receivable		203				220
Investment revenue receivable		19				17
Inventory		222				213
Prepaid insurance		17				25
Long-term investment		195				138
Land		222				163
Buildings and equipment		425				426
Less: Accumulated depreciation		(111	)			(146	)
Patent		48				50
	$	1,376			$	1,200
Liabilities
Accounts payable	$	63			$	91
Salaries payable		19				31
Interest payable (bonds)		21				17
Income tax payable		25				29
Deferred tax liability		37				21
Notes payable		30				0
Lease liability		89				0
Bonds payable		228				301
Less: Discount on bonds		(35	)			(41	)
Shareholders Equity
Common stock		469				423
Paid-in capitalexcess of par		121				98
Preferred stock		88				0
Retained earnings		243				230
Less: Treasury stock		(22	)			0
	$	1,376			$	1,200

ARDUOUS COMPANY Income Statement For Year Ended December 31, 2021 ($ in millions)
Revenues and gain:
Sales revenue	$	535
Investment revenue		25
Gain on sale of Treasury bills		2		$	562
Expenses and loss:
Cost of goods sold		193
Salaries expense		86
Depreciation expense		13
Amortization expense		2
Insurance expense		20
Interest expense		41
Loss on sale of equipment		32
Income tax expense		49			436
Net income				$	126

Additional information from the accounting records:

1. Investment revenue includes Arduous Companys $19 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 $96 million that was one-half depreciated was rendered unusable by a flood. Most major components of the equipment were unharmed and were sold for $16 million.
4. Temporary differences between pretax accounting income and taxable income caused the deferred tax liability to increase by $16 million.
5. The preferred stock of Tory Corporation was purchased for $38 million as a long-term investment.
6. Land costing $59 million was acquired by issuing $29 million cash and a 15%, four-year, $30 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, $95 million. Annual lease payments of $6 million are paid at the beginning of each year starting January 1, 2021.
8. $73 million of bonds were retired at maturity.
9. In February, Arduous issued dividend (9.2 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 $22.00 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.)