The comparative balance sheets for 2024 and 2023 and the income statement for 2024 are given below for Arduous Company. Additional information from Arduous's accounting records is provided also ARDUOUS COMPANY Comparative Balance Sheets December 31, 2024 and 2823 (in millions) 2024 2023 Assets Cash Accounts receivable $120 $89 Land Investment revenue receivable Inventory Prepaid insurance Buildings and equipment Less: Accumulated depreciation Patent 14 12 212 12 20 300 212 258 427 416 (103) (136) 38 $1,310 Liabilities Accounts payable Salaries payable $58 14 Interest payable (bands) Income tax payable Deferred tax liability 26 20 27 Notes payable Lease liability Bonds payable Less: Discount on bonds 27 98 223 (58) Shareholders' Equity Preferred stack 434 Paid-in capital-excess of par Retained earnings Less: Treasury stack 234 (17) $1,310 Sales revere Income Statement For Year Ended 40 $1,150 $1,150 Additional information from the accounting reco a Investment revenue includes Arduous Company's $5 million share of the net income of Demur Company, an equity method investee b. Treasury bills were sold during 2024 at again of $2 million Arduous Company classifie Investments in Treasury bills as cash equivalents c Equipment orginally costing $86 milion that was one-half depreciated was rendered unusable by a food. 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 defered tax sabity to increase by St e. The preferred stock of Tory Corporation was purchased for $33 milion as a long-term investment Land costing $54 million was acquired by issuing $27 million cash and a 15% four-year, $27 milion note payable to the seller The right to use a building was acquined with a 15-year lease agreement present value of lease payments $37 million Annual lease payments of $7 million are paid at the beginning of each year starting January 1, 2024 $68 million of bonds were retired at maturity In February, Arduous issued a stock duidend (72 milion shares. The market price of the $5 par value common stock was $750 per share at that me Jin April, 1 milion shares of common stock were repurchased as treasury stock at a cost of $17 Required Prepare the statement of cash flows for Arduous Company using the indirect Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions 10.000.000 should be entered as 10 Prepare the statement of cash flows for Arduous Company using the indirect method Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions Be. 10,000,000 should be entered as 101. For year ended December 21, 20 Charpenting assets and labe cachowe from operating activities meting activities Cash us on a Cash January