The comparative balance sheets for 2018 and 2017 and the income statement for 2018 are given below for arduous company. additional information from arduous’s accounting records is provided also. arduous companycomparative balance sheetsdecember 31, 2018 and 2017($ in millions)20182017assetscash$136$91a ccounts receivable200214investment revenue receivable1514inventory216210prepai d insurance1322long-term investment185135land216160buildings and equipment428420less: accumulated depreciation(109)(140)patent4445$1, 344$1,171liabilitiesaccounts payable$60$85salaries payable1530bond interest payable1714income tax payable2228deferred income tax liability3118notes payable280lease liability920bonds payable225295less: discount on bonds(32)(39)shareholders’ equitycommon stock460420paid-in capital—excess of par11595preferred stock880retained earnings242225less: treasury stock(19)0$1,344$1,171arduous companyincome statementfor year ended december 31, 2018($ in millions)revenues and gain: sales revenue$494investment revenue20gain on sale of treasury bills1$515expenses and loss: cost of goods sold190salaries expense83depreciation expense14patent amortization expense1insurance expense17bond interest expense38loss on machine damage25income tax expense46414net income$101additional information from the accounting records: investment revenue includes arduous company’s $15 million share of the net income of demur company, an equity method investee. treasury bills were sold during 2018 at a gain of $1 million. arduous company classifies its investments in treasury bills as cash equivalents. a machine originally costing $90 million that was one-half depreciated was rendered unusable by a flood. most major components of the machine were unharmed and were sold for $20 million. temporary differences between pretax accounting income and taxable income caused the deferred income tax liability to increase by $13 million. the preferred stock of tory corporation was purchased for $35 million as a long-term investment. land costing $56 million was acquired by issuing $28 million cash and a 10%, four-year, $28 million note payable to the seller. the right to use a building was acquired with a 15-year lease agreement; present value of lease payments, $92 million. annual lease payments of $6 million are paid at the beginning of each year starting january 1, 2018.$70 million of bonds were retired at maturity. in february, arduous issued a stock dividend (8.0 million shares). the market price of the $5 par value common stock was $7.50 per share at that time. in april, 1 million shares of common stock were repurchased as treasury stock at a cost of $19 million. required: prepare the statement of cash flows for arduous company using the indirect method. (amounts to be deducted should be indicated with a minus sign. do not round your intermediate calculations. enter your answers in millions (i. e., 10,000,000 should be entered as companystatement of cash flowsfor year ended december 31, 2018($ in millions)cash flows from operating activities: net incomeadjustments for noncash effects: changes in operating assets and liabilities: $000$0noncash investing and financing activities: