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The comparative balance sheets for 2021 and 2020 and the income statement for 2021 are given below for Arduous Company. Additional information from Arduouss accounting records is provided also.

ARDUOUS COMPANY Comparative Balance Sheets December 31, 2021 and 2020 ($ in millions)
	2021				2020
Assets
Cash	$	138			$	98
Accounts receivable		207				228
Investment revenue receivable		23				21
Inventory		223				217
Prepaid insurance		21				30
Long-term investment		207				142
Land		231				167
Buildings and equipment		437				434
Less: Accumulated depreciation		(113	)			(154	)
Patent		47				50
	$	1,421			$	1,233
Liabilities
Accounts payable	$	67			$	99
Salaries payable		23				35
Interest payable (bonds)		25				21
Income tax payable		29				34
Deferred tax liability		45				25
Notes payable		32				0
Lease liability		99				0
Bonds payable		232				309
Less: Discount on bonds		(39	)			(42	)
Shareholders Equity
Common stock		481				427
Paid-in capitalexcess of par		129				102
Preferred stock		92				0
Retained earnings		232				223
Less: Treasury stock		(26	)			0
	$	1,421			$	1,233

ARDUOUS COMPANY Income Statement For Year Ended December 31, 2021 ($ in millions)
Revenues and gain:
Sales revenue	$	575
Investment revenue		29
Gain on sale of treasury bills		2		$	606
Expenses and loss:
Cost of goods sold		197
Salaries expense		90
Depreciation expense		11
Amortization expense		3
Insurance expense		24
Interest expense		45
Loss on sale of equipment		28
Income tax expense		53			451
Net income				$	155

Additional information from the accounting records:

1. Investment revenue includes Arduous Companys $23 million share of the net income of Demur Company, an equity method investee.
2. Treasury bills were sold during 2021 at a gain of $2 million. Arduous Company classifies its investments in Treasury bills as cash equivalents.
3. Equipment originally costing $104 million that was one-half depreciated was rendered unusable by a flood. Most major components of the equipment were unharmed and were sold for $24 million.
4. Temporary differences between pretax accounting income and taxable income caused the deferred tax liability to increase by $20 million.
5. The preferred stock of Tory Corporation was purchased for $42 million as a long-term investment.
6. Land costing $64 million was acquired by issuing $32 million cash and a 15%, four-year, $32 million note payable to the seller.
7. The right to use a building was acquired with a 15-year lease agreement; present value of lease payments, $107 million. Annual lease payments of $8 million are paid at the beginning of each year starting January 1, 2021.
8. $77 million of bonds were retired at maturity.
9. In February, Arduous issued a stock dividend (10.8 million shares). The market price of the $5 par value common stock was $7.50 per share at that time.
10. In April, 1 million shares of common stock were repurchased as treasury stock at a cost of $26 million.

Required: Prepare the statement of cash flows for Arduous Company using the indirect method. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

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