A comparative balance sheet and an income statement for Rodgers Company are given below:

Rodgers Company Comparative Balance Sheet (dollars in millions)
	Ending Balance			Beginning Balance
Assets
Current assets:
Cash and cash equivalents	$	62		$	127
Accounts receivable		870			795
Inventory		765			702
Total current assets		1,697			1,624
Property, plant, and equipment		1,735			1,691
Less accumulated depreciation		908			720
Net property, plant, and equipment		827			971
Total assets	$	2,524		$	2,595
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	306		$	183
Accrued liabilities		203			147
Income taxes payable		123			95
Total current liabilities		632			425
Bonds payable		530			830
Total liabilities		1,162			1,255
Stockholders' equity:
Common stock		260			260
Retained earnings		1,102			1,080
Total stockholders' equity		1,362			1,340
Total liabilities and stockholders' equity	$	2,524		$	2,595

Rodgers Company Income Statement (dollars in millions)
Sales	$	4,390
Cost of goods sold		3,000
Gross margin		1,390
Selling and administrative expenses		926
Net operating income		464
Nonoperating items:
Gain on sale of equipment		2
Income before taxes		466
Income taxes		158
Net income	$	308

Rodgers also provided the following information:

1. Depreciation Expense for the year was $218 million.
2. The company sold equipment that had an original cost of $58 million.
3. The company did not issue any new bonds during the year, but did use cash to pay off some.
4. The company paid a cash dividend during the year.
5. The company did not complete any common stock transactions during the year.

Required:

Using the indirect method, prepare a statement of cash flows for the year in good form.

Be sure to include the proper header information in the Statement. The information provided is for the period of Jan. 1, 2018 to Dec. 31, 2018.

Enter your total for each section of the statement of cash flows within this quiz module, then email a photo/scan of your work to me within 15 minutes of closing the quiz.

Enter the Net Cash from Operating Activities here (Enter your answers in millions just as the data is given and do NOT use a dollar sign. For example, an answer of $250,000,000 would be entered as 250. Use a minus sign to indicate cash outflows as negative amounts.) :