The comparative balance sheets for 2024 and 2023 and the income statement for 2024 are given in the attached excel file for Spartan Corp. Additional information from Spartan's accounting records is provided as follows.

1. Investment revenue includes Spartan's $6 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 $30 million, was sold for $35 million.
3. Pretax accounting income exceeded taxable income, causing the deferred income tax liability to increase by $3 million.
4. A building that originally cost $60 million, and which was one-fourth depreciated, was destroyed by fire. Some undamaged sections were sold for $3 million.
5. The right to use a building was acquired with a seven-year lease agreement; present value of lease payments, $80 million. Annual lease payments of $12 million are paid on Jan. 1 of each year starting in 2024.
6. $130 million of bonds were retired at maturity.
7. $20 million par value of common stock was sold for $30 million, and $50 million of preferred stock was sold at par.
8. Shareholders were paid cash dividends of $30 million.

Required:

1. I nee a spreadsheet for preparation of the statement of cash flows (direct method) of Spartan Corp. for the year ended December 31, 2024.
2. I need the statement of cash flows of Spartan Corp. for the year ended December 31, 2024. Present cash flows from operating activities by the direct method. (A reconciliation schedule is not required.)