The chief accountant for Grandview Corporation provides you with the companys 2021 statement of cash flows and income statement. The accountant has asked for your help with some missing figures in the companys 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	$	114
Payment to suppliers		(42	)
Payment of general & administrative expenses		(29	)
Payment of income taxes		(20	)
Net cash flows from operating activities					$	23
Cash Flows from Investing Activities:
Sale of investments						76
Cash Flows from Financing Activities:
Issuance of common stock		16
Payment of dividends		(9	)
Net cash flows from financing activities						7
Net increase in cash					$	106

GRANDVIEW CORPORATION Income Statement For the Year Ended December 31, 2021
Sales revenue				$	124
Cost of goods sold					43
Gross profit					81
Operating expenses:
General and administrative expense	$	29
Depreciation expense		21
Total operating expenses					50
Operating income					31
Other income:
Gain on sale of investments					15
Income before income taxes					46
Income tax expense					13
Net income				$	33

Required: 1. Calculate the missing amounts.

2. Prepare the operating activities section of Grandviews 2021 statement of cash flows using the indirect method.

Prepare the operating activities section of Grandviews 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 Balance Sheets At December 31 2021 2020 164 95 61 71 161 161 (87) Assets: Cash Accounts receivable Investments Inventory Property, plant & equipment Less: Accumulated depreciation Total assets Liabilities and Shareholders' Equity Accounts payable Accrued liabilities (for selling & admin. expense) Income taxes payable Common stock Retained earnings Total liabilities and shareholders' equity 49 41 & 20 20 33 257 241 31