Question: Problem 21-9 (Algo) Cash flows from operating activities (direct method and indirect method)-cash equivalent [LO213,214] [The following information applies to the questions displayed below.] Portions

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![below.] Portions of the financial statements for Hawkeye Company are provided below.](https://s3.amazonaws.com/si.experts.images/answers/2024/09/66dd31091cb73_04066dd310892355.jpg)

Problem 21-9 (Algo) Cash flows from operating activities (direct method and indirect method)-cash equivalent [LO213,214] [The following information applies to the questions displayed below.] Portions of the financial statements for Hawkeye Company are provided below. HAWKEYE COMPANY Selected Accounts from Comparative Balance Sheets December 31,2024 and 2023 Required: 1. Prepare the cash flows from operating activities section of the statement of cash flows for Hawkeye Company using the direct method. Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign. 2. Prepare the cash flows from operating activities section of the statement of cash flows for Hawkeye Company using the indirect method. Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign. \begin{tabular}{|l|l|} \hline Cash Flows from Operating Activities: & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular}
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