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.

Additional information from the accounting records:

A. Investment revenue includes Arduous Companys $6 million share of the net income of Demur Company, an equity method investee.

B. Treasury bills were sold during 2024 at a gain of $2 million. Arduous Company classifies its investments in Treasury bills as cash equivalents.

C. Equipment originally costing $70 million that was one-half depreciated was rendered unusable by a flood. Most major components of the equipment were unharmed and were sold for $17 million.

D. Temporary differences between pretax accounting income and taxable income caused the deferred tax liability to increase by $3 million.

E. The preferred stock of Tory Corporation was purchased for $25 million as a long-term investment.

F. Land costing $46 million was acquired by issuing $23 million cash and a 15%, four-year, $23 million note payable to the seller.

G. The right to use a building was acquired with a 15-year lease agreement; present value of lease payments, $82 million. Annual lease payments of $7 million are paid at the beginning of each year starting January 1, 2024.

H. $60 million of bonds were retired at maturity.

I. In February, Arduous issued a stock dividend (4 million shares). The market price of the $5 par value common stock was $7.50 per share at that time.

J. In April, 1 million shares of common stock were repurchased as treasury stock at a cost of $9 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).)

ARDUOUS COMPANY Comparative Balance Sheets December 31,2024 and 2023 (\$ in millions) Assets \begin{tabular}{lrr} Cash & $109 & $1 \\ Accounts receivable receivable & 190 & 194 \\ Investment revenue rery & 6 & 4 \\ Inventory & 205 & 200 \\ Prepaid insurance & 4 & 8 \\ Long-term investment & 156 & 125 \\ Land & 196 & 150 \\ Buildings and equipment & 412 & 400 \\ Less : Accumulated depreciation & (97) & (120) \\ Patent & 30 & 32 \\ & $1,211 & $1,074 \\ \hline \end{tabular} ARDUOUS COMPANY Income Statement For Year Ended December 31 , 2024 ( \$ in millions) Revenues and gain: Sales revenue \$410 Investment revenue 11 Gain on sale of treasury bills $423 Expenses and loss: Costofgoodssold180 Salaries expense 73 DepreciationexpenseAmortizationexpense122 Insurance expense 7 InterestexpenseLossonsaleofequipment2818 Income tax expense Net income \begin{tabular}{rr} 36 & 356 \\ \hline$67 \end{tabular} Answer is not complete. ARDUOUS COMPANY Statement of Cash Flows For year ended December 31, 2024 (\$ in millions) Cash flows from operating activities: Net income Adjustments for noncash effects: \begin{tabular}{l} Depreciation expense \\ \hline Amortization expense \\ \hline Loss on equipment damage \\ \hline \end{tabular} Changes in operating assets and liabilities