Portions of the financial statements for Hawkeye Company are provided below.

HAWKEYE COMPANY
Income Statement
For the Year Ended December 31, 2024
($ in millions)
Sales		$ 890
Cost of goods sold		345
Gross margin		545
Operating expenses:
Salaries	$ 231
Depreciation	189
Loss on sale of land	14
Total operating expenses		434
Operating income		111
Other income (expense):
Gain on sale of cash equivalents		4
Interest expense		(39)
Income before tax		76
Income tax expense		38
Net income		$ 38

HAWKEYE COMPANY
Selected Accounts from Comparative Balance Sheets
December 31, 2024 and 2023 ($ in millions)
	Year		Change
	2024	2023
Cash	$ 234	$ 211	$ 23
Accounts receivable	394	419	(25)
Inventory	882	861	21
Accounts payable	221	256	(35)
Salaries payable	181	190	(9)
Interest payable	57	51	6
Income tax payable	91	106	(15)

Required:

1. Prepare the cash flows from operating activities section of the statement of cash flows for Hawkeye Company using the direct method.

Note: 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.