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	$	126			$	90
Accounts receivable		199				212
Investment revenue receivable		16				13
Inventory		214				209
Prepaid insurance		14				21
Long-term investment		184				134
Land		214				159
Buildings and equipment		421				418
Less: Accumulated depreciation		(107	)			(138	)
Patent		41				44
	$	1,322			$	1,162
Liabilities
Accounts payable	$	59			$	83
Salaries payable		16				21
Interest payable (bonds)		18				13
Income tax payable		21				23
Deferred tax liability		29				17
Notes payable		28				0
Lease liability		83				0
Bonds payable		224				293
Less: Discount on bonds		(31	)			(34	)
Shareholders Equity
Common stock		457				419
Paid-in capitalexcess of par		113				94
Preferred stock		84				0
Retained earnings		239				233
Less: Treasury stock		(18	)			0
	$	1,322			$	1,162

ARDUOUS COMPANY Income Statement For Year Ended December 31, 2021 ($ in millions)
Revenues and gain:
Sales revenue	$	487
Investment revenue		21
Gain on sale of Treasury bills		3		$	511
Expenses and loss:
Cost of goods sold		189
Salaries expense		82
Depreciation expense		13
Amortization expense		3
Insurance expense		16
Interest expense		37
Loss on sale of equipment		26
Income tax expense		45			411
Net income				$	100

Additional information from the accounting records:

1. Investment revenue includes Arduous Companys $16 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 $88 million that was one-half depreciated was rendered unusable by a flood. Most major components of the equipment were unharmed and were sold for $18 million.
4. Temporary differences between pretax accounting income and taxable income caused the deferred tax liability to increase by $12 million.
5. The preferred stock of Tory Corporation was purchased for $34 million as a long-term investment.
6. Land costing $55 million was acquired by issuing $27 million cash and a 12%, four-year, $28 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, $91 million. Annual lease payments of $8 million are paid at the beginning of each year starting January 1, 2021.
8. $69 million of bonds were retired at maturity.
9. In February, Arduous issued dividend (7.6 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 $18.00 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.)