The comparative balance sheets for $2024$ and $2023$ and the statement of income for $2024$ are given below for National Intercable Company. Additional information from NIC$$s accounting records is provided also. Statement of Cash Flows For the year ended December $31,2024($in millions$)[[$Cash flows from operating activities:,,$],[$Cash inflows:,,$],[$From customers,$(,,],[$From investment revenue,$($V$),,],[$Cash outflows:,,$],[$To suppliers of goods,$($V$),,],[$To employees,$(,,],[$For insurance expense,$2,,],[$For interest expense,$(,,],[$For income taxes,$(,,],[$Net cash flows from operating activities,,,$],[$Cash flows from investing activities:,,$],[$Sale of long$-$term investment,$(,36,],[$Sale of building,$(,3$vv$,],[$Net cash flows from investing activities,,,$39],[$Cash flows from financing activities:,,$],[$Sale of common stock,$(,30,],[$Sale of preferred stock,$2,64$vv$,],[$Retirement of bonds payable,$($V$),(144)$vv$,],[$Payment of dividends,$($V$),(30)$vv$,],[$Payment on lease liability,$(,,],[$Net cash flows from financing activities,,,$(80)],[$Net increase $($decrease$)$ in cash,,,$(41)],[$Cash balance, January $1,,,69$ V$],[$Cash balance, December $31,,,28],[$Noncash investing and financing activities:,,$],[$Acquired buildings and equipment,$2,,80$vv$]]$ NATIONAL INTERCABLE COMPANY Comparative Balance Sheets December $31,2024$ and $2023($in millions$)20242023$ Assets Cash $25469$ Accounts receivable $209184$ Less: Allowance for uncollectible accounts $(8)(6)$ Prepaid insurance $2126$ Inventory $198179$ Long$-$term investment $80104$ Land $164164$ Right$-$of$-$use asset$$building $700$ Equipment $224340$ Less: Accumulated depreciation $(99)(89)$ Trademark $38391,1511,010$ Liabilities Accounts payable $4473$ Salaries payable $1722$ Accrued interest payable $40$ Deferred tax liability $3229$ Lease liability $680$ Bonds payable $159303$ Less: Discount on bonds $(36)(39)$ Shareholders' Equity Common stock $328308$ Paid$-$in capital$$excess of par $10999$ Preferred stock $640$ Retained earnings $3622151,1511,010$ NATIONAL INTERCABLE COMPANY Income Statement For Year Ended December $31,2024($ in millions$)$ Revenues Sales revenue $614$ Investment revenue $29$ Gain on sale of investments $6649$ Expenses Cost of goods sold $139$ Salaries expense $69$ Depreciation expense $39$ Amortization expense$-$trademark $1$ Amortization expense$-$ROU asset $10$ Bad debt expense $21$ Insurance expense $27$ Accrued interest expense$-$lease $18$ Interest expense $44$ Loss on sale of building $84452$ Income before tax $197$ Income tax expense $20$ Net income $177$ Additional information from the accounting records: Investment revenue includes National Intercable Company's$6$ million share of the net income of Central Fiber Optics Corporation, an equity method investee. A long$-$term investment in bonds, originally purchased for $30$ million, was sold for$36$ million. Pretax accounting income exceeded taxable income, causing the deferred income tax liability to increase by $3$ million. Equipment that originally cost$116$ million, and which was one$-$fourth depreciated, was destroyed by fire. Some undamaged sections were sold for $3$ million. The right to use a building was acquired on January $1,2024,$ with an eight$-$year finance agreement; present value of lease payments,$80$ million. Annual lease payments of $12$ million are paid on Jan. $1$ of each year starting in $2024\mathrm{.}144$ million of bonds were retired at maturity. $20$ million par value of common stock was sold for$30$ million, and $64$ million of preferred stock was sold at par. Shareholders were paid cash dividends of$30$ million. Required: $2.$ Prepare the statement of cash flows. Present cash flows from operating activities by the direct method. Note: Enter your answers in millions $($i$.$e$.,10,000,000$ should be entered as $10).$ Amounts to be deducted should be indicated with a minus sign.