he chief accountant for Grandview Corporation provides you with the companys 2024 statement of cash flows and income statement. The accountant has asked for your help with some missing figures in the companys 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	$ 71
Payment to suppliers	(30)
Payment of general and administrative expense	(18)
Payment of income taxes	(9)
Net cash flows from operating activities		$ 14
Cash Flows from Investing Activities:
Sale of investments		65
Cash Flows from Financing Activities:
Issuance of common stock	10
Payment of dividends	(3)
Net cash flows from financing activities		7
Net increase in cash		$ 86

GRANDVIEW CORPORATION
Income Statement
For the Year Ended December 31, 2024
Sales revenue		$ 80
Cost of goods sold		32
Gross profit		48
Operating expenses:
General and administrative expense	$ 18
Depreciation expense	10
Total operating expenses		28
Operating income		20
Other income:
Gain on sale of investments		15
Income before income taxes		35
Income tax expense		7
Net income		$ 28

Required:

1. Calculate the missing amounts.
2. Prepare the operating activities section of Grandviews 2024 statement of cash flows using the indirect method.