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need help with both requirements The chief accountant for Grandview Corporation provides you with the company's 2021 statement of cash flows and Income statement. The

need help with both requirements
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The chief accountant for Grandview Corporation provides you with the company's 2021 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 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 Payment to suppliers Payment of general & administrative expenses Payment of income taxes Net cash flows from operating activities Cash Flows from Investing Activities: Sole of investments Cash Flows from Financing Activities: Issuance of common stock Payment of dividends Net cash flows from financing activities Net increase in cash $ 101 (40) (26) (17) $ 18 73 13 be 10 $ 101 $ 112 72 GRANDVIEW CORPORATION Income Statement For the Year Ended December 31, 2021 Sales revenue Cost of goods sold Gross profit Operating expenses: General and administrative expense 5 26 Depreciation expense 18 Total operating expenses Operating income Other income Goin on sale of investments Income before income taxes Income tax expense Net Income 44 28 18 46 10 36 $ Required: 1. Calculate the missing amounts 2. Prepare the operating activities section of Grandview's 2021 statement of cash flows using the Indirect method. Required 1 Required 2 Calculate the missing amounts. (Amounts to be deducted should be indicated v millions (i.e., 10,000,000 should be entered as 10).) GRANDVIEW CORPORATION Balance Sheets At December 31 2021 2020 Assets: 167 92 55 68 158 158 (81) Cash Accounts receivable Investments Inventory Property, plant & equipment Less: Accumulated depreciation Total assets Liabilities and Shareholders' Equity Accounts payable Accrued liabilities (for selling & admin. expense) Income taxes payable Common stock Retained earnings Total liabilities and shareholders' equity 48 38 17 17 30 251 238 36 3 Required 1 Required 2 Prepare the operating activities section of Grandview's 2021 statement of cash flows us be deducted should be indicated with a minus sign. Enter your answers in millions (.e. 10).) GRANDVIEW CORPORATION Statement of Cash Flows For the Year Ended December 31, 2021 (s in millions) Cash flows from operating activities: Adjustments for noncash effects: Changes in operating assets and liabilities: Net cash flows from operating activities

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