The income statement and statement of cash flows for ABC Equipment Company for 20X1 are provided below.

ABC Equipment Company
Income Statement for the Year Ended December 31, 20X1
($ in millions)
Sales	$ 81,860.0
Gain on the sale of marketable securities	83.2
Equity in earnings of affiliates	856.0
Total revenues and gains	82,799.2
Cost of goods sold	39,853.2
General and administrative expenses	22,280.8
Interest expense	11,549.2
Income tax expense	2,279.1
Total expenses	75,962.3
Net income	$ 6,836.9

ABC Equipment Company

Statement of Cash Flows for Year Ended December 31, 20X1
Operations
Net income	$ 6,836.9
Adjustments for noncash transactions:
Depreciation	2,656.0
Increase in deferred tax liability	328.0
Equity in undistributed earnings of affiliates	(188.4)
Gain from sale of marketable securities	(83.2)
(Increase) decrease in accounts receivable	298.4
(Increase) decrease in inventories	(795.6)
(Increase) decrease in prepayments	(161.2)
Increase (decrease) in accounts payable for inventory	135.6
Increase (decrease) in other current liabilities	(443.2)
Cash flow from operations	8,583.3
Investing
Sale of marketable securities	199.2
Acquisition of marketable securities	(292.8)
Acquisition of property, plant, and equipment	(3,502.8)
Acquisition of subsidiaries	(178.0)
Cash flow from investing activities	(3,774.4)
Financing
Common stock issued to employees	137.6
Repurchase of common stock	(403.6)
Dividends paid to stockholders	(971.6)
Additions to short-term borrowing	510.4
Additions to long-term debt	486.4
Payments on long-term debt	(1,905.6)
Cash flow from financing activities	(2,146.4)
Net change in cash	2,662.5
Beginning of year cash balance	2,027.2
End of year cash balance	$ 4,689.7

Supplemental Information:

Other current liabilities represent obligations for general and administrative expenses.

Required:

Derive a direct method presentation of cash flow from operating activities for ABC Equipment Company. Assume all depreciation is included in General and administrative expenses.