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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	$	142			$	100
Accounts receivable		209				232
Investment revenue receivable		25				23
Inventory		226				219
Prepaid insurance		23				32
Long-term investment		213				144
Land		235				169
Buildings and equipment		437				438
Less: Accumulated depreciation		(117	)			(158	)
Patent		53				56
	$	1,446			$	1,255
Liabilities
Accounts payable	$	69			$	103
Salaries payable		25				37
Interest payable (bonds)		27				23
Income tax payable		31				38
Deferred tax liability		49				27
Notes payable		33				0
Lease liability		101				0
Bonds payable		234				313
Less: Discount on bonds		(41	)			(46	)
Shareholders Equity
Common stock		487				429
Paid-in capitalexcess of par		133				104
Preferred stock		94				0
Retained earnings		232				227
Less: Treasury stock		(28	)			0
	$	1,446			$	1,255

ARDUOUS COMPANY Income Statement For Year Ended December 31, 2021 ($ in millions)
Revenues and gain:
Sales revenue	$	589
Investment revenue		30
Gain on sale of treasury bills		2		$	621
Expenses and loss:
Cost of goods sold		199
Salaries expense		92
Depreciation expense		13
Amortization expense		3
Insurance expense		26
Interest expense		47
Loss on sale of equipment		34
Income tax expense		55			469
Net income				$	152

Additional information from the accounting records:

1. Investment revenue includes Arduous Companys $25 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 $108 million that was one-half depreciated was rendered unusable by a flood. Most major components of the equipment were unharmed and were sold for $20 million.
4. Temporary differences between pretax accounting income and taxable income caused the deferred tax liability to increase by $22 million.
5. The preferred stock of Tory Corporation was purchased for $44 million as a long-term investment.
6. Land costing $66 million was acquired by issuing $33 million cash and a 10%, four-year, $33 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 $6 million are paid at the beginning of each year starting January 1, 2021.
8. $79 million of bonds were retired at maturity.
9. In February, Arduous issued a stock dividend (11.6 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 $28 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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