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4 The chief accountant for Grandview Corporation provides you with the company's 2016 statement of cash flows and income statement. The accountant has asked for

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4 The chief accountant for Grandview Corporation provides you with the company's 2016 statement of cash flows and income statement. The accountant has asked for your help with some missing figures in the are shown next (3 in millions). Statement of Cash Flows For the Year E Cash Flows from Operating Activities Collections from customers Payment to suppliers Payment of general& administrative expenses Payment of income taxes $112 (39) (19) Net cash flows from operating activities Cash Flows from Investing Activities s 26 Sale of investments 75 Cash Flows from Financing Activities Issuance of common stock Payment of dividends 15 Net cash flows from financing activities Net increase in cash s 108 Income Statement For the Year Ended December 31, 2016 Sales revenue Cost of goods sold $120 Gross profit Operating expenses 78 General and administrativeS Depreciatiorn Total operating expenses 48 30 20 50 Operating income Other income Gain on sale of investments Income before income taxes Income tax expense Net income s 42 GRANDVIEW CORPORATION Balance Sheets At December 31 2016 2015 Assets: 175 5 Accounts recoaoe

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