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The comparative balance sheets for 2013 and 2012 and the income statement for 2013 are given below for Arduous Company. Additional information from Arduouss accounting records is provided also.

ARDUOUS COMPANY Comparative Balance Sheets December 31, 2013 and 2012 ($ in millions)
	2013		2012
Assets
Cash	$	116	$	81
Accounts receivable		190		194
Investment revenue receivable		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
	$	1,218	$	1,074
Liabilities
Accounts payable	$	50	$	65
Salaries payable		6		11
Bond interest payable		8		4
Income tax payable		12		14
Deferred income tax liability		11		8
Notes payable		23		0
Lease liability		82		0
Bonds payable		215		275
Less: Discount on bonds		(22)		(25)
Shareholders Equity
Common stock		430		410
Paid-in capitalexcess of par		95		85
Preferred stock		75		0
Retained earnings		242		227
Less: Treasury stock		(9)		0
	$	1,218	$	1,074

ARDUOUS COMPANY Income Statement For Year Ended December 31, 2013 ($ in millions)
Revenues
Sales revenue			$	410
Investment revenue				11
Gain on sale of treasury bills				2	$	423
Expenses
Cost of goods sold				180
Salaries expense				73
Depreciation expense				12
Patent amortization expense				2
Insurance expense				7
Bond interest expense				28
Extraordinary loss (flood)	$	18
Less: Tax savings		(9)		9
Income tax expense				45		356
Net income					$	67

Additional information from the accounting records:
a.	During 2011, $6 million of customer accounts were written off as uncollectible.
b.	Investment revenue includes Arduous Companys $6 million share of the net income of Demur Company, an equity method investee.
c.	Treasury bills were sold during 2013 at a gain of $2 million. Arduous Company classifies its investments in Treasury bills as cash equivalents.
d.	A machine originally costing $70 million that was one-half depreciated was rendered unusable by a rare flood. Most major components of the machine were unharmed and were sold for $17 million.
e.	Temporary differences between pretax accounting income and taxable income caused the deferred income tax liability to increase by $3 million.
f.	The preferred stock of Tory Corporation was purchased for $25 million as a long-term investment.
g.	Land costing $46 million was acquired by issuing $23 million cash and a 15%, four-year, $23 million note payable to the seller.
h.	A building was acquired by a 15-year capital lease; present value of lease payments, $82 million.
i.	$60 million of bonds were retired at maturity.
j.	In February, Arduous issued a 4% stock dividend (4 million shares). The market price of the $5 par value common stock was $7.50 per share at that time. Also the company paid a cash dividend.
k.	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. (Do not round your intermediate calculations. Enter your answers in millions (i.e., 10,000,000 should be entered as 10.) . Amounts to be deducted should be indicated with a minus sign.)

ARDUOUS COMPANY Statement of Cash Flows For year ended December 31, 2013 ($ in millions) Cash flows from operating activities: Net income Adjustments for noncash effects: Changes in operating assets and liabilities: Net cash flows from operating activities Cash flows from investing activities: Net cash flows from investing activities Cash flows from financing activities: Net cash flows from financing activities Cash balance, January 1 Cash balance, December 31 Noncash investing and financing activities:

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