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 $ 113 $ 83 Accounts receivable 192 198 Investment revenue receivable 10 6 Inventory 209 202 Prepaid insurance 8 12 Long-term investment 164 127 Land 200 152 Buildings and equipment 414 404 Less: Accumulated depreciation (100 ) (124 ) Patent 34 38 $ 1,244 $ 1,098 Liabilities Accounts payable $ 52 $ 69 Salaries payable 10 13 Interest payable (bonds) 12 6 Income tax payable 14 18 Deferred tax liability 15 10 Notes payable 24 0 Lease liability 77 0 Bonds payable 217 279 Less: Discount on bonds (24 ) (26 ) Shareholders Equity Common stock 436 412 Paid-in capitalexcess of par 99 87 Preferred stock 77 0 Retained earnings 246 230 Less: Treasury stock (11 ) 0 $ 1,244 $ 1,098 ARDUOUS COMPANY Income Statement For Year Ended December 31, 2021 ($ in millions) Revenues and gain: Sales revenue $ 425 Investment revenue 16 Gain on sale of Treasury bills 4 $ 445 Expenses and loss: Cost of goods sold 182 Salaries expense 75 Depreciation expense 13 Amortization expense 4 Insurance expense 9 Interest expense 30 Loss on sale of equipment 22 Income tax expense 38 373 Net income $ 72 Additional information from the accounting records: Investment revenue includes Arduous Companys $10 million share of the net income of Demur Company, an equity method investee. Treasury bills were sold during 2021 at a gain of $4 million. Arduous Company classifies its investments in Treasury bills as cash equivalents. Equipment originally costing $74 million that was one-half depreciated was rendered unusable by a flood. Most major components of the equipment were unharmed and were sold for $15 million. Temporary differences between pretax accounting income and taxable income caused the deferred tax liability to increase by $5 million. The preferred stock of Tory Corporation was purchased for $27 million as a long-term investment. Land costing $48 million was acquired by issuing $24 million cash and a 12%, four-year, $24 million note payable to the seller. The right to use a building was acquired with a 15-year lease agreement; present value of lease payments, $84 million. Annual lease payments of $7 million are paid at the beginning of each year starting January 1, 2021. $62 million of bonds were retired at maturity. In February, Arduous issued dividend (4.8 million shares). The market price of the $5 par value common stock was $7.50 per share at that time. In April, 1 million shares of common stock were repurchased as treasury stock at a cost of $11.00 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.