Required information [The following information applies to the questions displayed below.] Portions of the financial statements for Hawkeye Company are provided below. 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 $860 330 530 $228 186 14 428 102 4 (36) 70 35 $ 35 2 Net income HAMKEYE COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2021 and 2020 (5 in millions) Check my work $ 35 Year Cash 2021 2020 $240 $214 Change $ 26 Accounts receivable. 391 413 (22) Inventory 888 864 24 Accounts payable 224 262 (38) Salaries payable 184 196 (12) Interest payable 63 54 9 Income tax payable 94 112 (18) 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.) Cash Flows from Operating Activities: Net cash flows from operating activities $ 0