Exercise 21-24 (Algo) Cash flows from operating activities (indirect method) [LO 21-4] Portions of the financial statements for Myriad Products are provided below. MYRTAD PRODUCTS COMPANY Income Statement For the Year Ended December 31, 2021 ($ in millions) Sales 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 $ 888 308 572 $145 96 5 4 286 286 143 5.143 MYRIAD PRODUCTS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2021 and 2020