Portions of the financial statements for Myriad Products are provided below: Sales MYRIAD PRODUCTS COMPANY Income...

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Portions of the financial statements for Myriad Products are provided below: Sales MYRIAD PRODUCTS COMPANY Income Statement For the Year Ended December 31, 2024 ($ in millions) Cost of goods sold Gross margin Salaries expense Depreciation expense Amortization expense Interest expense Loss on sale of land Income before taxes Income tax expense Net Income $ 780 273 507 $ 120 86 5 26 4 241 266 133 $ 133 MYRIAD PRODUCTS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2024 and 2023 ($ in millions) Year 2024 2023 Change Cash $ 120 $ 118 $ 2 Accounts receivable 249 259 (10) Inventory 449 468 (19) Accounts payable 185 170 15 Salaries payable 92 104 (12) Interest payable 52 38 14 Income tax payable 42 28 14 Required: Prepare the cash flows from operating activities section of the statement of cash flows for Myriad Products Company using the direct method. Note: Cash outflows should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Answer is not complete. ($ in millions) Cash Flows from Operating Activities: Cash received from customers Cash paid to suppliers Cash paid to employees Cash paid for interest Cash paid for income taxes $ 770 (307) X 108 Net cash flows from operating activities $ 571 Portions of the financial statements for Myriad Products are provided below: Sales MYRIAD PRODUCTS COMPANY Income Statement For the Year Ended December 31, 2024 ($ in millions) Cost of goods sold Gross margin Salaries expense Depreciation expense Amortization expense Interest expense Loss on sale of land Income before taxes Income tax expense Net Income $ 780 273 507 $ 120 86 5 26 4 241 266 133 $ 133 MYRIAD PRODUCTS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2024 and 2023 ($ in millions) Year 2024 2023 Change Cash $ 120 $ 118 $ 2 Accounts receivable 249 259 (10) Inventory 449 468 (19) Accounts payable 185 170 15 Salaries payable 92 104 (12) Interest payable 52 38 14 Income tax payable 42 28 14 Required: Prepare the cash flows from operating activities section of the statement of cash flows for Myriad Products Company using the direct method. Note: Cash outflows should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Answer is not complete. ($ in millions) Cash Flows from Operating Activities: Cash received from customers Cash paid to suppliers Cash paid to employees Cash paid for interest Cash paid for income taxes $ 770 (307) X 108 Net cash flows from operating activities $ 571