Exercise 21-24 Cash flows from operating activities (indirect method) (LO21-4) 85 Portions of the financial statements for Myriad Products are provided below. aints Skipped $ 960 eBook Print MYRIAD PRODUCTS COMPANY Income Statement For the Year Ended December 31, 2018 ($ in millions) Sales Cost of goods sold Gross margin Salaries expense $165 Depreciation expense Patent amortization expense Interest expense Loss on sale of land Income before taxes Income tax expense Net Income References $ 151 MYRIAD PRODUCTS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2018 and 2017 Check my work MYRIAD PRODUCTS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2018 and 2017 ($ in millions) Change $ 11 2018 $147 267 468 218 110 Cash Accounts receivable Inventory Accounts payable Salaries payable Interest payable Income taxes payable 2017 $136 286 486 206 oped Book Print arences Required: Prepare the cash flows from operating activities section of the statement of cash flows for Myriad Products Company using the indirect method. (Enter your answers in millions (ie., 10,000,000 should be entered as 10.). Amounts to be deducted should be indicated with a minus sign.) ($ in millions) Cash Flows from Operating Activities: Adjustments for noncash effects