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 $35 million. Pretax accounting income exceeded taxable income, causing the deferred income tax liability to increase by $3 million. A building that originally cost $60 million, and which was one-fourth depreciated, was destroyed by fire. Some undamaged parts were sold for $3 million. The right to use a building was acquired with a seven-year lease agreement; present value of lease payments, $80 million. Annual lease payments of $12 million are paid at Jan. 1 of each year starting in 2018. $130 million of bonds were retired at maturity. $20 million par value of common stock was sold for $30 million, and $50 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