Additional information from the accounting records: Investment revenue includes Arduous Company’s $6 million share of the net income of Demur Company, an equity method investee. Treasury bills were sold during 2021 at a gain of $2 million. Arduous Company classifies its investments in Treasury bills as cash equivalents. Equipment originally costing $70 million that was one-half depreciated was rendered unusable by a flood. Most major components of the equipment were unharmed and were sold for $17 million. Temporary differences between pretax accounting income and taxable income caused the deferred tax liability to increase by $3 million. The preferred stock of Tory Corporation was purchased for $25 million as a long-term investment. Land costing $46 million was acquired by issuing $23 million cash and a 15%, four-year, $23 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, $82 million. Annual lease payments of $7 million are paid at the beginning of each year starting January 1, 2021. $60 million of bonds were retired at maturity. In February, Arduous issued a 5% stock dividend (4 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 $9 million. Required: Prepare the statement of cash flows for Arduous Company using the indirect method. (