The income statement for Johannesson&Johannesson and a schedule that reconciles net income to cash flows from operating are presented below. 15 points 01:59:35 $ 353.60 Johannesson, Johannesson Income Statement For the Year Ended December 31, 2021 ($ in millions) Revenges and gains: Salos $ 326.00 Gain on sale of cash equivalents 2.80 Gain on sale of investments 24.80 Expenses and loss: Cost of goods sold $ 128.00 Salaries 40.80 Interest expense 12.80 Insurance 20.80 Depreciation 10.80 Patent amortization 4.80 Loss on sale of land 6.80 Income before tax Income tax expense Not income 224.80 128.80 64.40 $ 64.40 Reconciliation of NI to CFO ($ in millions) Het income $ 64.40 Adjustments for noncash offects: 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 10.80 4.80 6.80 (24.80) 6.80 (12.80) 18.80 1.80 6.80 4.80 10.80 $ 99.00 Your task: Please prepare the cash flows from operating activities section of the statement of cash flows using the direct method (Enter your answers in millons rounded to 2 decimal places (l.e., 6,500,000 should be entered as 6.50). Amounts to be deducted should be indicated with a minus sign.) Cash Flows from Operating Activities