E17-14 PepsiCo's statements of cash flows (adapted) for 1999 and 1998, are reproduced on page 691. Required 1. Which format does PepsiCo use for reporting cash flows from operating activities? How can you tell? 2. What was PepsiCo's largest source of cash during 1999? During 1998? Give each amount. 3. What was PepsiCo's largest use of cash during 1999? During 1998? Give each amount. 4. The operating activities section of the 1999 statement lists (in millions): Accounts and notes receivable.. Accounts payable and other current liabilities.. $(149) $ 636 Did these accounts' balances increase or decrease during 1999? How can you tell? 5. At December 31. 1998. PepsiCo's balance sheet (not reproduced here) reported long- term debt (similar to notes payable) of $4.028 million. Journalize PepsiCo's long-term debt transactions during 1999. Then post to the Long-Term Debt T-account to see how much long-term debt PepsiCo would owe after these transactions.