The chief accountant for Grandview Corporation provides you with the company's 2011 statement of cash flows and

Question:

The chief accountant for Grandview Corporation provides you with the company's 2011 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).

Required:

1. Calculate the missing amounts.

2. Prepare the operating activities section of Grandview's 2011 statement of cash flows using the indirect method.

Financial Statements
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