$660 250 410 cash lows from operating activities (direct method) L021-3 Portions of the financial statements for Myriad Products are provided below. MYRIAD PRODUCTS COMPANY Income Statement For the Year Ended December 31, 2018 ($ in millions) Sales Cost of goods sold Gross margin Salaries expense Depreciation expense Patent amortization expense Interest expense Loss on sale of land Income before taxes Income tax expense Net Income MYRIAD PRODUCTS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2018 and 2017 ($ in millions) Year 2018 2017 Cash $102 $100 Accounts receivable Inventory Accounts payable Salaries payable Interest payable Income taxes payable Change $ 2 (12) Required: Prepare the cash flows from operating activities section of the statement of cash flows for Myriad Products Company using the direct method