A recent annual report of a major petroleum company revealed the following information (in millions of dollars).

Prepare an analysis that explains the change in cash during year 2 from \(\$ 1,179\) million to \(\$ 1,299\) million. You may want to review the procedures in the appendix to Chapter 5.

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BALANCE SHEET Cash Marketable Securities Accounts Receivable Inventories: Crude Oil, Products, and Merchandise Materials and Supplies Prepayments Total Current Assets December 31, Year 2 Year 1 $ 1.299 $ 1,179 (3,212 3,984 5,217 4,704 3,758 3,438 455 414 585 365 $14,526 $14,084 - 19,562) 17,220 2,984) 2,575 $37,072 $33,879 Property, Plant, and Equipment-Net Investments and Other Assets Total Assets Notes and Loans Payable Accounts Payable and Accrued Liabilities Income Taxes Payable Total Current Liabilities Long-Term Debt .... Deferred Income Taxes .Total Liabilities Capital Earnings Reinvested Total Shareholders' Equity. Total Liabilities and Shareholders' Equity $ 1,305 $1,388 8,073 782 6,705 747 $10,160 $8,840 3,901 3,841 4,000 3,429 $18,061 $16,110 $ 2,601 $ 2,596 16.410 15,173 ($19,011 $17,769 $37,072 $33,879