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	$	116
Payment to suppliers		(41	)
Payment of general & administrative expenses		(31	)
Payment of income taxes		(22	)
Net cash flows from operating activities					$	22
Cash Flows from Investing Activities:
Sale of investments						78
Cash Flows from Financing Activities:
Issuance of common stock		12
Payment of dividends		(4	)
Net cash flows from financing activities						8
Net increase in cash					$	108

GRANDVIEW CORPORATION Income Statement For the Year Ended December 31, 2021
Sales revenue				$	132
Cost of goods sold					45
Gross profit					87
Operating expenses:
General and administrative expense	$	31
Depreciation expense		23
Total operating expenses					54
Operating income					33
Other income:
Gain on sale of investments					16
Income before income taxes					49
Income tax expense					10
Net income				$	39

Required: 1. Calculate the missing amounts. 2. Prepare the operating activities section of Grandviews 2021 statement of cash flows using the indirect method.

Required 1 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 Required 1 Required 2 Required 1 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 Required 1 Required 2