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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

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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 ($ in millions), GRANDVIEW CORPORATION Statement of Cash Flows For the Year Ended December 31, 2021 Cash Flows from Operating Activities Collections from customers $ 90 Payment to suppliers (33) Payment of general administrative expenses (22) Payment of income taxes (13) Net cash flows from operating activities $ 22 Cash Flows from Investing Activities Sale of inventments 69 Cash Flows from Financing Activities: Tsunce of common stock 10 Payment of dividends Net cash flow from financing activitien Net increase in cash S 97 GRANDVIEW CORPORATION Income Statement Tor the Year Ended December 31, 2021 sales revenue $ 96 Cost of goods sold 36 Gross profit Operating expenses General and administrative expense 22 Depreciation expense 14 Total operating expenses 36 Operating income Other Income Gain on sale of investments 15 Income before income taxes 39 Income tax expense 17 Het income $32 Required: 1. Calculate the missing amounts 2. Prepare the operating activities section of Grandview's 2021 statement of cash flows using the indirect method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required: 1. Calculate the missing amounts. 2. Prepare the operating activities section of Grandview's 2021 statement of cash flows using the indirect method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the missing amounts. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (.e, 10,000,000 should be entered as 10).) GRANDVIEW CORPORATION Balance Sheets At December 31 2021 2020 Assets Cash 160 Accounts receivable 88 Investments 54 Inventory 64 Property, plant & equipment 154 154 Loss: Accumulated depreciation (73) Total assets Liabilities and Shareholders' Equity Accounts payable 48 34 Accrued liabilities (for selling & admin. expense) 13 13 Income taxes payable 26 Common stock 244 Retained earnings 40 Total liabilities and shareholders' equity 234 Required 2 > Required 1 Required 2 Prepare the operating activities section of Grandview's 2021 statement of cash flows using be deducted should be indicated with a minus sign. Enter your answers in millions (i.e., 10. 10).) GRANDVIEW CORPORATION Statement of Cash Flows For the Year Ended December 31, 2021 ($ in millions) Cash flows from operating activities: Adjustments for noncash effects: Changes in operating assets and liabilities: Net cash flows from operating activities

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