$ 888 340 540 HAWKEYE COMPANY Income Statement For the Year Ended December 31, 2021 ($ in millions) Sales Cost of goods sold Gross margin Operating expenses: Salaries Depreciation Loss on sale of land Total operating expenses Operating income Other incone (expense): Gain on sale of cash equivalents Interest expense Income before tax Income tax expense Net income $ 230 188 12 430 118 (38) 76 38 $ 38 HAWKEYE COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2021 and 2020 ($ in millions) Year 2021 2028 Change Cash $ 236 $ 212 $ 24 Accounts receivable 393 417 (24) Inventory 884 862 22 Accounts payable 258 (36) Salaries payable 182 192 (10) Interest payable 59 52 7 Income tax payable 92 188 (16) 222 Required: 2 Prepare the cash flows from operating activities section of the statement of cash flows for Hawkeye Company using the Indirect method. (Enter your answers in millions (L.e., 10.000.000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign.) Cash Flows from Operating Activities: Adjustments for noncash effects Changes in operating assets and liabilities: Net cash flows from operating activities $ 0