250 410 903 90 5 20 E 21-23 Cash flows from operating activities (direct method) MYRIAD PRODUCTS COMPANY Income Statement For the Year Ended December 31, 2021 Portions of the financial (Sin millions) Sales $ 660 Cost of goods sold statements for Myriad Products Gross margin Salaries expense $110 are provided below. Depreciation expense Amortization expense Interest expense Loss on sale of land Income before taxes Income tax expense Required: Net Income $ 91 MYRIAD PRODUCTS COMPANY Prepare the cash flows from Selected Accounts from Comparative Balance Sheets December 31, 2021 and 2020 operating activities section of the (s in millions) Year statement of cash flows for Myriad Cash 2021 2020 Change 5102 $100 Accounts receivable 220 232 Products Company using the direct inventory 450 (10) Accounts payable method. Salaries payable Interest payable 25 Income tax payable 228 182 91 $ 2 (12) 440 140 80 134 86 20 10 0 0 N 15