The net income for Howie Doohan Corporation was $540 million for the year ended December 31, 2021. Related information follows: Sale of common stock for cash, $47 million. Amortization of trademark, $15 million. Cash dividends paid, $54 million. Decrease in salaries payable, $15 million. Depreciation expense, $66 million. Increase in accounts payable, $44 million. Increase in bonds payable, $52 million. Net cash flows from operating activities during 2021 should be reported as:

Multiple Choice

• $663 million.

• $562 million.

• $650 million.

• $628 million.