The chief accountant for Grandview Corporation provides you with the companys 2018 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, 2018
Cash Flows from Operating Activities:
Collections from customers	$	126
Payment to suppliers		(43	)
Payment of general & administrative expenses		(33	)
Payment of income taxes		(24	)
Net cash flows from operating activities					$	26
Cash Flows from Investing Activities:
Sale of investments						80
Cash Flows from Financing Activities:
Issuance of common stock		14
Payment of dividends		(9	)
Net cash flows from financing activities						5
Net increase in cash					$	111

GRANDVIEW CORPORATION Income Statement For the Year Ended December 31, 2018
Sales revenue				$	140
Cost of goods sold					47
Gross profit					93
Operating expenses:
General and administrative	$	33
Depreciation		25
Total operating expenses					58
Operating income					35
Other income:
Gain on sale of investments					20
Income before income taxes					55
Income tax expense					15
Net income				$	40

GRANDVIEW CORPORATION Balance Sheets At December 31
	2018				2017
Assets:
Cash	$	180			$	?
Accounts receivable		?				99
Investments						60
Inventory		75				?
Property, plant & equipment		165				165
Less: Accumulated depreciation		(95	)			?
Total assets		?				?
Liabilities and Shareholders Equity:
Accounts payable to suppliers	$	54			$	45
Payables for selling & admin. expenses		24				24
Income taxes payable		37				?
Common stock		259				245
Retained earnings		?				33
Total liabilities and shareholders equity		?				?

Required: 1. Calculate the missing amounts. 2. Prepare the operating activities section of Grandviews 2018 statement of cash flows using the indirect method.

alculate the missing amounts. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

2017 Cash
2018 Accounts receivable
2017 Inventory
2017 Accumulated depreciation
2017 Total assets
2018 Total assets
2017 Income taxes payable
2018 Retained earnings
2017 Total liabilities and shareholders equity
2018 Total liabilities and shareholders equity

• Prepare the operating activities section of Grandviews 2018 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, 2018
  ($ in millions)