The comparative balance sheets for 2024 and 2023 and the statement of income for 2024 are given below for National intercable Company. Additional information from NIC's accounting records is provided also. Additional information from the accounting records: Additional information from the accounting records: a. Investment revenue includes National Intercable Company's $3 million share of the net income of Central Fiber Optics Corporation an equity method investee. b. A long-term investment in bonds, originally purchased for $22 million, was sold for $26 million. c. Pretax accounting income exceeded taxable income, causing the deferred income tax liability to increase by $1 million. d. A building that originally cost $24 million, and which was one-fourth depreciated, was destroyed by fire. Some undamaged section were sold for $2 million. e. The right to use a bulding was acquired with a seven-year lease agreement; present value of lease payments, $50 million. Annual lease payments of $6 million are paid on Jan. 1 of each year starting in 2024 . 1. $110 million of bonds were retired at maturity. g. $20 million par value of common stock was sold for $40 million, and $30 million of preferred stock was sold at par. h. Shareholders were paid cash dividends of $12 million. Required: 2. Prepare the statement of cash flows. Present cash flows from operating activities by the direct method. Note: 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. NATIONAL INTERCABLE COMPANY Statement of Cash Flows For the year ended December 31,2024 ( $ in millions) Cash flows from operating activities: Cash inflows: Cash outflows: Net cash flows from operating activities Cash flows from investing activities: Net cash flows from investing activities Cash flows from financing activities