Assets: Cash Accounts receivable Investments Inventory GRANDVIEW CORPORATION Balance Sheets At December 31 ($ in millions) 2024 2023 $ 146 93 85 56 61 151 151 (67) Property, plant and equipment Less: Accumulated depreciation Total assets Liabilities and Shareholders' Equity: Accounts payable Accrued liabilities (for selling and administrative expense) Income taxes payable Common stock Retained earnings Total liabilities and shareholders' equity EA 40 40 10 10 $ 31 10 23 242 231 49 The chief accountant for Grandview Corporation provides you with the company's 2024 statement of cash flows and income statement. The accountant has asked for your help with some missing figures in the company's comparative balance sheets. These financial statements are shown next ($ in millions). GRANDVIEW CORPORATION Statement of Cash Flows For the Year Ended December 31, 2024 Cash Flows from Operating Activities: Collections from customers Payment to suppliers Payment of general and administrative expense Payment of income taxes Net cash flows from operating activities Cash Flows from Investing Activities: Sale of investments Cash Flows from Financing Activities: Issuance of common stock Payment of dividends Net cash flows from financing activities Net increase in cash GRANDVIEW CORPORATION Income Statement For the Year Ended December 31, 2024 $ 76 (30) (19) (10) 11 $ 17 66 (5) 6 $ 89 Sales revenue Cost of goods sold Gross profit Operating expenses: General and administrative expense $ 19 Depreciation expense Total operating expenses Operating income Other income: Gain on sale of investments Income before income taxes Income tax expense Net income $ 84 33 51 11 30 21 10 31 6 $ 25