The comparative balance sheets for 2016 and 2015 and the incomestatement for 2016 are given below for Arduous Company. Additionalinformation from Arduous’s accounting records is provided also.

ARDUOUS COMPANY Comparative Balance Sheets December 31, 2016 and 2015 ($ in millions)
	2016		2015
Assets
Cash	$	146	$	96
Accountsreceivable		205		224
Investment revenuereceivable		23		19
Inventory		222		215
Prepaidinsurance		21		28
Long-terminvestment		203		140
Land		241		165
Buildings andequipment		427		430
Less: Accumulateddepreciation		(109)		(150)
Patent		43		47
	$	1,422	$	1,214
Liabilities
Accountspayable	$	65	$	95
Salariespayable		23		33
Bond interestpayable		25		19
Income taxpayable		27		32
Deferred income taxliability		41		23
Notes payable		38		0
Lease liability		97		0
Bonds payable		230		305
Less: Discount onbonds		(37)		(46)
Shareholders’ Equity
Common stock		455		425
Paid-incapital—excess of par		115		100
Preferred stock		90		0
Retainedearnings		277		228
Less: Treasury stock		(24)		0
	$	1,422	$	1,214

ARDUOUSCOMPANY Income Statement For Year Ended December 31, 2016 ($ in millions)
Revenues andgain:
Salesrevenue	$	557
Investment revenue		28
Gain onsale of treasury bills		4		$	589
Expenses and loss:
Cost ofgoods sold		195
Salariesexpense		88
Depreciation expense		9
Patentamortization expense		4
Insurance expense		22
Bondinterest expense		43
Loss onmachine damage		30
Incometax expense		51			442
Net income				$	147

Additionalinformation from the accounting records:
a.	Investment revenue includes Arduous Company’s $23 million shareof the net income of Demur Company, an equity method investee.
b.	Treasury bills were sold during 2016 at a gain of $4 million.Arduous Company classifies its investments in Treasury bills ascash equivalents.
c.	A machine originally costing $100 million that was one-halfdepreciated was rendered unusable by a flood. Most major componentsof the machine were unharmed and were sold for $20 million.
d.	Temporary differences between pretax accounting income andtaxable income caused the deferred income tax liability to increaseby $18 million.
e.	The preferred stock of Tory Corporation was purchased for $40million as a long-term investment.
f.	Land costing $76 million was acquired by issuing $38 millioncash and a 14%, four-year, $38 million note payable to theseller.
g.	The right to use a building was acquired with a 15-year leaseagreement; present value of lease payments, $97 million.
h.	$75 million of bonds were retired at maturity.
i.	In February, Arduous issued astock dividend (4 million shares). The market price of the $5 parvalue common stock was $7.50 per share at that time.
j.	In April, 1 million shares of common stock were repurchased astreasury stock at a cost of $24 million.

Required:

Prepare the statement of cash flows for Arduous Company usingthe indirect method. (Amounts to be deductedshould be indicated with a minus sign. Do not round yourintermediate calculations. Enter your answers in millions (i.e.,10,000,000 should be entered as 10.).)