There are wrong entries on the table below. Please, correct wrong entries on the table below.

16 ! Required information [The following information applies to the questions displayed below. art 2 of 2 Portions of the financial statements for Hawkeye Company are provided below. nts $ 820 310 510 HAWKEYE COMPANY Income Statement For the Year Ended December 31, 2021 ($ in millions) Sales Cost of goods sold Gross margin Operating expenses: $ 224 Depreciation 182 Loss on sale of land 12 Total operating expenses Operating income Other income (expense): Gain on sale of cash equivalents Salaries 418 92 4 (32) Interest expense Income before tax Income tax expense Net income 31345 $ 32 HAWKEYE COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2021 and 2020 ($ in millions) Year 2021 2020 Change Cash $248 $218 $ 30 Accounts receivable 387 405 (18) Inventory 896 868 Accounts payable 228 270 (42) Salaries payable 188 204 (16) Interest payable 58 13 Income tax payable 98 120 (22) 28 71 Required: 2. Prepare the cash flows from operating activities section of the statement of cash flows for Hawkeye Company using the indirect method. (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 X Answer is complete but not entirely correct. $ 32 Cash Flows from Operating Activities: Net income Adjustments for noncash effects: Depreciation expense Loss on sale of land Gain on sale of equipment XOO 182 12 x (4) 0 Changes in operating assets and liabilities: Decrease in accounts receivable Increase in inventory 18 (28) Decrease in accounts payable Decrease in salaries payable Increase in interest payable Decrease in income tax payable (42) (16) 13 (22) 0 0 0 145 Net cash flows from operating activities $