The chief accountant for Grandview Corporation provides you with the companys 2021 statement of cash flows and income statement. The accountant has asked for your help with some missing figures in the companys comparative balance sheets. These financial statements are shown next ($ in millions).

GRANDVIEW CORPORATION Statement of Cash Flows For the Year Ended December 31, 2021
Cash Flows from Operating Activities:
Collections from customers	$	133
Payment to suppliers		(45	)
Payment of general & administrative expenses		(36	)
Payment of income taxes		(27	)
Net cash flows from operating activities					$	25
Cash Flows from Investing Activities:
Sale of investments						83
Cash Flows from Financing Activities:
Issuance of common stock		17
Payment of dividends		(8	)
Net cash flows from financing activities						9
Net increase in cash					$	117

GRANDVIEW CORPORATION Income Statement For the Year Ended December 31, 2021
Sales revenue				$	152
Cost of goods sold					50
Gross profit					102
Operating expenses:
General and administrative expense	$	36
Depreciation expense		28
Total operating expenses					64
Operating income					38
Other income:
Gain on sale of investments					12
Income before income taxes					50
Income tax expense					16
Net income				$	34

Required: 1. Calculate the missing amounts. 2. Prepare the operating activities section of Grandviews 2021 statement of cash flows using the indirect method.

Calculate the missing amounts. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

GRANDVIEW CORPORATION Balance Sheets At December 31 2021 2020 Assets: Cash 198 Accounts receivable 102 Investments 71 Inventory 78 Property, plant & equipment 168 168 Less: Accumulated depreciation (101) Total assets Liabilities and Shareholders Equity: Accounts payable 64 48 Accrued liabilities (for selling & admin. expense) 27 27 Income taxes payable 40 Common stock 265 248 Retained earnings 42 Total liabilities and shareholders equity

Prepare the operating activities section of Grandviews 2021 statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

	GRANDVIEW CORPORATION Statement of Cash Flows For the Year Ended December 31, 2021 ($ in millions) Cash flows from operating activities: Adjustments for noncash effects: Changes in operating assets and liabilities: Net cash flows from operating activities