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The chief accountant for Grandview Corporation provides you with the company$$s $2024$ statement of cash flows and income statement. The accountant has asked for your help with some missing figures in the company$$s comparative balance sheets. These financial statements are shown next $($$ in millions$).$

GRANDVIEW CORPORATION

Statement of Cash Flows

For the Year Ended December $31,2024$

Cash Flows from Operating Activities:

Collections from customers $ $140$

Payment to suppliers $(48)$

Payment of general and administrative expense $(37)$

Payment of income taxes $(28)$

Net cash flows from operating activities $ $27$

Cash Flows from Investing Activities:

Sale of investments $84$

Cash Flows from Financing Activities:

Issuance of common stock $18$

Payment of dividends $(9)$

Net cash flows from financing activities $9$

Net increase in cash $ $120$

GRANDVIEW CORPORATION

Income Statement

For the Year Ended December $31,2024$

Sales revenue $ $156$

Cost of goods sold $51$

Gross profit $105$

Operating expenses:

General and administrative expense $ $37$

Depreciation expense $29$

Total operating expenses $66$

Operating income $39$

Other income:

Gain on sale of investments $20$

Income before income taxes $59$

Income tax expense $15$

Net income $ $44$

Required:

Calculate the missing amounts.

Prepare the operating activities section of Grandview$$s $2024$ statement of cash flows using the indirect method.

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