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 $ 71
Payment to suppliers (30)
Payment of general and administrative expense (18)
Payment of income taxes (9)
Net cash flows from operating activities $ 14
Cash Flows from Investing Activities:
Sale of investments 65
Cash Flows from Financing Activities:
Issuance of common stock 10
Payment of dividends (3)
Net cash flows from financing activities 7
Net increase in cash $ 86
GRANDVIEW CORPORATION
Income Statement
For the Year Ended December 31, 2024
Sales revenue $ 80
Cost of goods sold 32
Gross profit 48
Operating expenses:
General and administrative expense $ 18
Depreciation expense 10
Total operating expenses 28
Operating income 20
Other income:
Gain on sale of investments 15
Income before income taxes 35
Income tax expense 7
Net income $ 28
Required:


Assets:
Cash $145 $0
Accounts receivable 84 84
Investments 50
Inventory 60 0
Property, plant and equipment 150 150
Less: Accumulated depreciation (65)
Total assets
Liabilities and Shareholders’ Equity:
Accounts payable $40 $30
Accrued liabilities (for selling and administrative expense) 9 9
Income taxes payable 22
Common stock 240 230
Retained earnings 72 47
Total liabilities and shareholders’ equity $345