he chief accountant for Grandview Corporation provides you with the companys 2021 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, 2021
Cash Flows from Operating Activities:
Collections from customers	$	133
Payment to suppliers		(46	)
Payment of general & administrative expenses		(35	)
Payment of income taxes		(26	)
Net cash flows from operating activities					$	26
Cash Flows from Investing Activities:
Sale of investments						82
Cash Flows from Financing Activities:
Issuance of common stock		16
Payment of dividends		(6	)
Net cash flows from financing activities						10
Net increase in cash					$	118

GRANDVIEW CORPORATION Income Statement For the Year Ended December 31, 2021
Sales revenue				$	148
Cost of goods sold					49
Gross profit					99
Operating expenses:
General and administrative expense	$	35
Depreciation expense		27
Total operating expenses					62
Operating income					37
Other income:
Gain on sale of investments					15
Income before income taxes					52
Income tax expense					12
Net income				$	40

alculate the missing amounts. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

GRANDVIEW CORPORATION
Balance Sheets
At December 31
	2021	2020
Assets:
Cash	197
Accounts receivable		101
Investments		67
Inventory	77
Property, plant & equipment	167	167
Less: Accumulated depreciation	(99)
Total assets
Liabilities and Shareholders Equity:
Accounts payable	61	47
Accrued liabilities (for selling & admin. expense)	26	26
Income taxes payable	39
Common stock	263	247
Retained earnings		35
Total liabilities and shareholders equity

Prepare the operating activities section of Grandviews 2021 statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

GRANDVIEW CORPORATION
Statement of Cash Flows
For the Year Ended December 31, 2021
($ in millions)
Cash flows from operating activities:
Adjustments for noncash effects:
Changes in operating assets and liabilities:
Net cash flows from operating activities		$0