The chief accountant for Grandview Corporation provides you with the company's 2018 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 ($ in millions).

GRANDVIEW CORPORATION

Statement of Cash Flows

For the Year Ended December 31, 2018Cash Flows from Operating Activities:Collections from customers$71Payment to suppliers(30)Payment of general & administrative expenses(18)Payment of income taxes(9)Net cash flows from operating activities$14Cash Flows from Investing Activities:Sale of investments65Cash Flows from Financing Activities:Issuance of common stock10Payment of dividends(3)Net cash flows from financing activities7Net increase in cash$86

GRANDVIEW CORPORATION

Income Statement

For the Year Ended December 31, 2018Sales revenue$80Cost of goods sold32Gross profit48Operating expenses:General and administrative$18Depreciation10Total operating expenses28Operating income20Other income:Gain on sale of investments15Income before income taxes35Income tax expense7Net income$28

GRANDVIEW CORPORATION

Balance Sheets

At December 3120182017Assets:Cash$145$?Accounts receivable?84Investments50Inventory60?Property, plant & equipment150150Less: Accumulated depreciation(65)?Total assets??Liabilities and Shareholders' Equity:Accounts payable to suppliers$40$30Payables for selling & admin. expenses99Income taxes payable22?Common stock240230Retained earnings?47Total liabilities and shareholders' equity??

Required:

1.Calculate the missing amounts.

2.Prepare the operating activities section of Grandview's 2018 statement of cash flows using the indirect method.