MYRIAD PRODUCTS COMPANY
Selected Accounts from Comparative Balance Sheets December 31, 2021 and 2020 ($ in millions)
Year
2021 2020 Change
Cash $ 132 $ 126 $ 6
Accounts receivable 257 271 (14 )
Inventory 463 476 (13 )
Accounts payable 193 186 7
Salaries payable 105 112 (7 )
Interest payable 51 46 5
Income tax payable 42 36 6
Sales $ 860 Cost of goods sold 301 Gross margin 559 Salaries expense $ 140 Depreciation expense 94 Amortization expense 5 Interest expense 34 Loss on sale of land 4 277 Income before taxes 282 Income tax expense 141 Net Income $ 141 Required:
Prepare the cash flows from operating activities section of the statement of cash flows for Myriad Products Company using the direct
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