The comparative balance sheets for 2024 and 2023 and the income statement for 2024 are given below for Arduous Company. Additional information from Arduouss accounting records is provided also.

ARDUOUS COMPANY
Comparative Balance Sheets
December 31, 2024 and 2023
($ in millions)
	2024	2023
Assets
Cash	$ 124	$ 91
Accounts receivable	200	214
Investment revenue receivable	15	14
Inventory	216	210
Prepaid insurance	13	22
Long-term investment	185	135
Land	216	160
Buildings and equipment	428	420
Less: Accumulated depreciation	(109)	(140)
Patent	44	45
	$ 1,332	$ 1,171
Liabilities
Accounts payable	$ 60	$ 85
Salaries payable	15	30
Interest payable (bonds)	17	14
Income tax payable	22	28
Deferred tax liability	31	18
Notes payable	28	0
Lease liability	92	0
Bonds payable	225	295
Less: Discount on bonds	(32)	(39)
Shareholders Equity
Common stock	460	420
Paid-in capitalexcess of par	115	95
Preferred stock	85	0
Retained earnings	233	225
Less: Treasury stock	(19)	0
	$ 1,332	$ 1,171

ARDUOUS COMPANY
Income Statement For Year Ended
December 31, 2024
($ in millions)
Revenues and gain:
Sales revenue	$ 494
Investment revenue	20
Gain on sale of treasury bills	1	$ 515
Expenses and loss:
Cost of goods sold	190
Salaries expense	83
Depreciation expense	14
Amortization expense	1
Insurance expense	17
Interest expense	38
Loss on sale of equipment	25
Income tax expense	46	414
Net income		$ 101

Additional information from the accounting records:

1. Investment revenue includes Arduous Companys $15 million share of the net income of Demur Company, an equity method investee.
2. Treasury bills were sold during 2024 at a gain of $1 million. Arduous Company classifies its investments in Treasury bills as cash equivalents.
3. Equipment originally costing $90 million that was one-half depreciated was rendered unusable by a flood. Most major components of the equipment were unharmed and were sold for $20 million.
4. Temporary differences between pretax accounting income and taxable income caused the deferred tax liability to increase by $13 million.
5. The preferred stock of Tory Corporation was purchased for $35 million as a long-term investment.
6. Land costing $56 million was acquired by issuing $28 million cash and a 10%, 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, $98 million. Annual lease payments of $6 million are paid at the beginning of each year starting January 1, 2024.
8. $70 million of bonds were retired at maturity.
9. In February, Arduous issued a stock dividend (8.0 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 $19 million.

Required:

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 (i.e., 10,000,000 should be entered as 10).