Portions of the financial statements for Hawkeye Company are provided below. $ 990 395 595 HAWKEYE COMPANY Income Statement For the Year Ended December 31, 2021 ($ in millions) Sales Cost of goods sold Gross margin Operating expenses: Salaries Depreciation Loss on sale of land Total operating expenses Operating income Other income (expense): Gain on sale of cash equivalents Interest expense Income before tax Income tax expense Net income $ 241 199 12 452 143 4 (49) 98 49 $ 49 HAWKEYE COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2021 and 2020 ($ in millions) Year 2021 2020 Change Cash $ 230 $ 209 $ 21 Accounts receivable 404 439 (35) Inventory 878 859 19 Accounts payable 219 252 (33) Salaries payable 189 206 (17) Interest payable 73 59 14 Income tax payable 99 122 (23) Required: 1. Prepare the cash flows from operating activities section of the statement of cash flows for Hawkeye Company using the direct method. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign.) Answer is not complete. 1,025 447 X Cash Flows from Operating Activities: Cash received from customers Cash paid to suppliers Cash paid to employees Cash paid for interest Cash paid for income taxes Gain on sale of cash equivalents 258 X OOOOOO Net cash flows from operating activities $ 1,730