Statement of cash flows relations. Selected data from the statement of cash flows for Nike, a manufacturer of athletic footwear and sports apparel, for three recent years appear below (amounts in millions):

a. Prepare a statement of cash flows for Nike for each of the three years using the format in Exhibit 1.3.

b. Net income was \(\$ 553\) in Year \(8, \$ 796\) in Year 9, and \(\$ 400\) in Year 10. Why do the amounts for cash flow from operations computed in part a differ from these net income amounts?

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Inflows of Cash Proceeds from Bank Borrowings Revenues from Operations Increasing Cash Issue of Common Stock Total Inflows... Outflows of Cash . Acquisition of Property, Plant, and Equipment ... Expenses for Operations Decreasing Cash Dividends.... Repurchase of Common Stock. Total Outflows Increase (Decrease) in Cash Year 8 Year 9 Year 10 $ 23 $ 388 $ 26 6,184 2 6,087 69 9,633 12 $6,209 $6,544 $ 9,671 $ 240 $ 496 $ 595 5,844 79 5,764 101 9,115 127 170 $6,163 $6,361 $10,007 $ 46 $ 183 $ (336)