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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 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 someon stock Payment of dividends Net cash flows from financing activities Net increase in cash $ 111 (39) (30) (21) $ 21 77 17 (2) 15 $ 113 D GRANDVIEW CORPORATION Income Statement For the Year Ended December 31, 2021 Sales revenue $ 128 cost of goods sold 44 Gross profit 84 Operating expenses: General and administrative expense $ 3e Depreciation expense 22 Total operating expenses 52 32 Operating income Other income: 14 Gain on sale of investments 46 Income before income taxes 11 Income tax expense $ 35 Net Income . $ 3e 22 expense tion expense Total operating expenses Operating income Other income: Gain on sale of investments Income before income taxes Income tax expense Net income 52 32 14 46 11 35 $ 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 (1.e. 10,000,000 should be entered as 10).) GRANDVIEW CORPORATION Balance Sheets At December 31 2021 2020 Assets Next arch o *N hp O

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