The net income for Summit Corporation was $120 million for the year ended December 31, 2022. Related information follows:

Amortization of patent, $4 million.

Cash dividends paid, $5 million.

Decrease in accounts receivable, $12 million.

Decrease in accounts payable, $3 million.

Depreciation expense, $7 million.

Decrease in discount on bonds payable, $1 million.

Increase in long-term notes payable, $12 million.

Sale of preferred stock for cash, $14 million.

Cash flows from operating activities during 2022 should be reported as:

A $136 million.

B $139 million.

C $122 million.

D $141 million.