The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are given below for National Intercable Company. Additional information from NICs accounting records is provided also.

NATIONAL INTERCABLE COMPANY Comparative Balance Sheets December 31, 2021 and 2020 ($ in millions)
	2021				2020
Assets
Cash	$	137			$	115
Accounts receivable		342				335
Less: Allowance for uncollectible accounts		(7	)			(5	)
Prepaid insurance		6				11
Inventory		320				315
Long-term investment		60				95
Land		220				220
Buildings and equipment		346				320
Less: Accumulated depreciation		(119	)			(105	)
Trademark		33				35
	$	1,338			$	1,336
Liabilities
Accounts payable	$	47			$	62
Salaries payable		5				9
Deferred tax liability		17				12
Lease liability		75				0
Bonds payable		125				305
Less: Discount on bonds		(27	)			(32	)
Shareholders' Equity
Common stock		350				320
Paid-in capitalexcess of par		140				110
Preferred stock		70				0
Retained earnings		536				550
	$	1,338			$	1,336

NATIONAL INTERCABLE COMPANY Income Statement For Year Ended December 31, 2021 ($ in millions)
Revenues
Sales revenue	$	470
Investment revenue		13
Gain on sale of investments		6		$	489
Expenses
Cost of goods sold		210
Salaries expense		68
Depreciation expense		30
Amortization expense		2
Bad debt expense		8
Insurance expense		32
Interest expense		50
Loss on sale of building		44			444
Income before tax					45
Income tax expense					31
Net income				$	14

Additional information from the accounting records:

1. Investment revenue includes National Intercable Company's $7 million share of the net income of Central Fiber Optics Corporation, an equity method investee.
2. A long-term investment in bonds, originally purchased for $42 million, was sold for $48 million.
3. Pretax accounting income exceeded taxable income, causing the deferred income tax liability to increase by $5 million.
4. A building that originally cost $64 million, and which was one-fourth depreciated, was destroyed by fire. Some undamaged sections were sold for $4 million.
5. The right to use a building was acquired with a seven-year lease agreement; present value of lease payments, $90 million. Annual lease payments of $15 million are paid at Jan. 1 of each year starting in 2021.
6. $180 million of bonds were retired at maturity.
7. $30 million par value of common stock was sold for $60 million, and $70 million of preferred stock was sold at par.
8. Shareholders were paid cash dividends of $28 million.

Required: 2. Prepare the statement of cash flows. Present cash flows from operating activities by the direct method. (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.)