A comparative balance sheet and an income statement for BurgessCompany are given below:

Burgess Company Comparative Balance Sheet (dollars in millions)
	Ending Balance			Beginning Balance
Assets
Currentassets:
Cash and cashequivalents	$	68		$	139
Accountsreceivable		930			849
Inventory		795			726
Total currentassets		1,793			1,714
Property, plant,and equipment		1,795			1,745
Less accumulateddepreciation		944			738
Netproperty,plant, and equipment		851			1,007
Totalassets	$	2,644		$	2,721
Liabilities and Stockholders' Equity
Currentliabilities:
Accountspayable	$	318		$	189
Accruedliabilities		209			141
Income taxespayable		135			101
Total currentliabilities		662			431
Bondspayable		560			890
Totalliabilities		1,222			1,321
Stockholders'equity:
Commonstock		290			290
Retainedearnings		1,132			1,110
Totalstockholders' equity		1,422			1,400
Totalliabilities and stockholders' equity	$	2,644		$	2,721

Burgess Company Income Statement (dollars in millions)
Sales	$	4,570
Cost of goodssold		3,120
Grossmargin		1,450
Selling andadministrative expenses		938
Net operatingincome		512
Nonoperatingitems:
Gain on sale ofequipment		2
Income beforetaxes		514
Incometaxes		170
Net income	$	344

Burgess also provided the following information:

The company sold equipment that had an original cost of $70million and accumulated depreciation of $36 million. The cashproceeds from the sale were $36 million. The gain on the sale was$2 million.

The company did not issue any new bonds during the year.

The company paid a cash dividend during the year.

The company did not complete any common stock transactionsduring the year.

Required:

Using the indirect method, prepare a statement of cash flows forthe year. (Enter your answers in millions not in dollars.List any deduction in cash and cash outflows as negativeamounts.)