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. These financial statements are shown next (S 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: Sale of investments Cash Flows from Financing Activities: Issuance of common stock Payment of dividends. Net cash flows from financing activities Net increase in cash $121 (40) (32) (23) $ 26 79 (8) $118 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. $ 32 Depreciation expense Total operating expenses Operating Income Other income: Gain on sale of investments Income before income taxes Income tax expense Net income 24 $136 46 90 15 49 13 $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 Assets: Cash Accounts receivable Investments GRANDVIEW CORPORATION Inventory Property, plant & equipment Less: Accumulated depreciation Balance Sheets At December 31 2021 2020 172 62 113 98 64 74 164 164 (93) 430 Total assets Liabilities and Shareholders' Equity Accounts payable 52 44 Accrued liabilities (for selling & admin expense) 23 23 Income taxes payable 36 Common stock 257 244 Retained earnings 34 Total liabilities and shareholders' equity Required 2 > Prepare the operating activities section of Grandview's 2021 statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 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 $ 0