Required information [The following information applies to the questions displayed below) Portions of the financial statements for Hawkeye Company are provided $ 940 370 570 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 $ 236 194 10 440 130 4 (44) 90 45 $ 45 Selected Amts troomparative lance Sheets Der 11, 2031 and 1870 (sin llo) Year 2021 Change Cash 1.220 5204 $ 16 Accounts receivable 399 429 (0) Inventory 16 854 14 Accounts payable 214 (28) Salaries payable 184 196 (12) Interest payable 63 54 9 Income tax payable 94 112 242 (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 (ie, 10,000,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign.) 5 970 Cash Flows from Operating Activities Cash received from customers Cash paid to suppliers Cash paid to employees 4 (412) Required: 2. Prepare the cash flows from operating activities section of the statement of cash flows for Hawkeye Company using method (Enter your answers in millions (ie, 10,000,000 should be entered as 10). Amounts to be deducted should with a minus sign) Cash Flows from Operating Activities Achustments for noncash effects Changes in operating assets and abilities