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	$	138			$	96
Accounts receivable		205				224
Investment revenue receivable		23				19
Inventory		222				215
Prepaid insurance		21				28
Long-term investment		203				140
Land		226				165
Buildings and equipment		427				430
Less: Accumulated depreciation		(109	)			(150	)
Patent		43				47
	$	1,399			$	1,214
Liabilities
Accounts payable	$	65			$	95
Salaries payable		23				33
Interest payable (bonds)		25				19
Income tax payable		27				32
Deferred tax liability		41				23
Notes payable		31				0
Lease liability		89				0
Bonds payable		230				305
Less: Discount on bonds		(37	)			(46	)
Shareholders Equity
Common stock		475				425
Paid-in capitalexcess of par		125				100
Preferred stock		90				0
Retained earnings		239				228
Less: Treasury stock		(24	)			0
	$	1,399			$	1,214

ARDUOUS COMPANY Income Statement For Year Ended December 31, 2021 ($ in millions)
Revenues and gain:
Sales revenue	$	557
Investment revenue		28
Gain on sale of Treasury bills		4		$	589
Expenses and loss:
Cost of goods sold		195
Salaries expense		88
Depreciation expense		9
Amortization expense		4
Insurance expense		22
Interest expense		43
Loss on sale of equipment		30
Income tax expense		51			442
Net income				$	147

Additional information from the accounting records:

1. Investment revenue includes Arduous Companys $23 million share of the net income of Demur Company, an equity method investee.
2. Treasury bills were sold during 2021 at a gain of $4 million. Arduous Company classifies its investments in Treasury bills as cash equivalents.
3. Equipment originally costing $100 million that was one-half depreciated was rendered unusable by a flood. Most major components of the equipment were unharmed and were sold for $20 million.
4. Temporary differences between pretax accounting income and taxable income caused the deferred tax liability to increase by $18 million.
5. The preferred stock of Tory Corporation was purchased for $40 million as a long-term investment.
6. Land costing $61 million was acquired by issuing $30 million cash and a 14%, four-year, $31 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, $97 million. Annual lease payments of $8 million are paid at the beginning of each year starting January 1, 2021.
8. $75 million of bonds were retired at maturity.
9. In February, Arduous issued dividend (10.0 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 $24.00 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.)