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	$	149			$	101
Accounts receivable		210				234
Investment revenue receivable		27				24
Inventory		228				220
Prepaid insurance		25				33
Long-term investment		217				145
Land		236				170
Buildings and equipment		432				440
Less: Accumulated depreciation		(118	)			(160	)
Patent		52				55
	$	1,458			$	1,262
Liabilities
Accounts payable	$	70			$	105
Salaries payable		27				38
Interest payable (bonds)		29				24
Income tax payable		32				40
Deferred tax liability		51				28
Notes payable		33				0
Lease liability		95				0
Bonds payable		235				315
Less: Discount on bonds		(42	)			(50	)
Shareholders Equity
Common stock		490				430
Paid-in capitalexcess of par		135				105
Preferred stock		95				0
Retained earnings		237				227
Less: Treasury stock		(29	)			0
	$	1,458			$	1,262

ARDUOUS COMPANY Income Statement For Year Ended December 31, 2021 ($ in millions)
Revenues and gain:
Sales revenue	$	600
Investment revenue		31
Gain on sale of Treasury bills		3		$	634
Expenses and loss:
Cost of goods sold		200
Salaries expense		93
Depreciation expense		13
Amortization expense		3
Insurance expense		27
Interest expense		48
Loss on sale of equipment		33
Income tax expense		56			473
Net income				$	161

Additional information from the accounting records:

1. Investment revenue includes Arduous Companys $27 million share of the net income of Demur Company, an equity method investee.
2. Treasury bills were sold during 2021 at a gain of $3 million. Arduous Company classifies its investments in Treasury bills as cash equivalents.
3. Equipment originally costing $110 million that was one-half depreciated was rendered unusable by a flood. Most major components of the equipment were unharmed and were sold for $22 million.
4. Temporary differences between pretax accounting income and taxable income caused the deferred tax liability to increase by $23 million.
5. The preferred stock of Tory Corporation was purchased for $45 million as a long-term investment.
6. Land costing $66 million was acquired by issuing $33 million cash and a 15%, four-year, $33 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, $102 million. Annual lease payments of $7 million are paid at the beginning of each year starting January 1, 2021.
8. $80 million of bonds were retired at maturity.
9. In February, Arduous issued dividend (12.0 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 $29.00 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.)