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GRANDVIEW CORPORATION Statement of Cash Flows For the Year Ended December 31, 2024 Cash Flows from Operating Activities: Collections from customers Payment to suppliers
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 Sales revenue Cost of goods sold Gross profit Operating expenses: $ 112 40 72 $ 101 (40) (26) (17) $ 18 73 (3) 333 13 10 $ 101 General and administrative expense $ 26 Depreciation expense Total operating expenses Operating income Other income: 18 44 28 18 Income before income taxes 46 10 $ 36 Gain on sale of investments Income tax expense Net income Required: 1. Calculate the missing amounts. 2. Prepare the operating activities section of Grandview's 2024 statement of cash flows using Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the missing amounts. Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions
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