The income statement and a schedule reconciling cash flows from operating activities to net income are provided below for Macrosoft Corporation. $325.00 MACROSOFT CORPORATION Income Statement For the Year Ended December 31, 2021 ($ in millions) Revenues and gains: Sales $ 300.00 Gain on sale of cash equivalents 1.50 Gain on sale of investments 23.50 Expenses and loss: Cost of goods sold $ 115.00 Salaries 39.50 Interest expense 11.50 Insurance 19.50 Depreciation 9.50 Patent amortization 3.50 Loss on sale of land 5.50 Income before tax Income tax expense Net income 204.00 121.00 60.50 $ 60.50 Reconciliation of Net Income to Net Cash Flows from Operating Activities ($ in millions) Net income $ 60.50 Adjustments for noncash effects: Depreciation expense Patent amortization expense Loss on sale of land Gain on sale of investment Decrease in accounts receivable Increase in inventory Increase in accounts payable Decrease in bond discount Increase in salaries payable Decrease in prepaid insurance Increase in income tax payable Net cash flows from operating activities 9.50 3.50 5.50 (23.50) 5.50 (11.50) 17.50 0.50 5.50 3.50 9.50 $ 86.00 Required: Prepare the cash flows from operating activities section of the statement of cash flows (direct method). (Enter your answers in millions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5.50). Amounts to be deducted should be indicated with a minus sign.) Cash Flows from Operating Activities: Net cash flows from operating activities