The comparative balance sheets for 2024 and 2023 and the statement of incor Company. Additional information from NIC's accounting records is provided als Additional information from the accounting records: a. Investment revenue includes National Intercable Company's $5 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 $50 million, was sold for $55 million. c. Pretax accounting income exceeded taxable income, causing the deferred income tax liability to increase by $3 million. d. A building that originally cost $80 million, and which was one-fourth depreciated, was destroyed by fire. Some undamaged sections were sold for $6 million. e. The right to use a building was acquired with a seven-year lease agreement; present value of lease payments, $110 million. Annual lease payments of $13 million are paid on Jan. 1 of each year starting in 2024. f. $170 million of bonds were retired at maturity. g. $30 million par value of common stock was sold for $40 million, and $60 million of preferred stock was sold at par. Shareholders were paid cash dividends of $35 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 minus sign. Assignment \#11 (SCF) i)