Refer to the data provided in E 21–23 for Myriad Products Company.

Data From E21-23

Required: 

Prepare the cash flows from the operating activities section of the statement of cash flows for Myriad Products Company using the indirect method.

MYRIAD PRODUCTS COMPANY Income Statement For the Year Ended December 31, 2021 ($ in millions) Sales $660 Cost of goods sold 250 Gross margin Salaries expense Depreciation expense Amortization expense 410 $110 90 Interest expense 20 Loss on sale of land 3 228 Income before taxes 182 Income tax expense 91 Net Income $ 91