The chief accountant for Grandview Corporation provides you withthe company’s 2018 statement of cash flows and income statement.The accountant has asked for your help with some missing figures inthe company’s comparative balance sheets. These financialstatements are shown next ($ in millions).

GRANDVIEW CORPORATION Statement of Cash Flows For the Year Ended December 31, 2018
Cash Flows from Operating Activities:
Collections from customers	$	112
Payment to suppliers		(39	)
Payment of general & administrative expenses		(28	)
Payment of income taxes		(19	)
Net cash flows from operating activities					$	26
Cash Flows from Investing Activities:
Sale of investments						75
Cash Flows from Financing Activities:
Issuance of common stock		15
Payment of dividends		(8	)
Net cash flows from financing activities						7
Net increase in cash					$	108

GRANDVIEW CORPORATION Income Statement For the Year Ended December 31, 2018
Sales revenue				$	120
Cost of goods sold					42
Gross profit					78
Operating expenses:
General and administrative	$	28
Depreciation		20
Total operating expenses					48
Operating income					30
Other income:
Gain on sale of investments					20
Income before income taxes					50
Income tax expense					8
Net income				$	42

GRANDVIEW CORPORATION Balance Sheets At December 31
	2018				2017
Assets:
Cash	$	175			$	?
Accounts receivable		?				94
Investments		—				55
Inventory		70				?
Property, plant & equipment		160				160
Less: Accumulated depreciation		(85	)			?
Total assets		?				?
Liabilities and Shareholders’ Equity:
Accounts payable to suppliers	$	52			$	40
Payables for selling & admin. expenses		19				19
Income taxes payable		32				?
Common stock		255				240
Retained earnings		?				30
Total liabilities and shareholders’ equity		?				?

Required:
1. Calculate the missing amounts.
2. Prepare the operating activities section ofGrandview’s 2018 statement of cash flows using the indirectmethod.