1. Problem VI: Statement of Cash Flows (Airbnb, Inc.) Prepare a statement of cash flows for Airbnb for the nine months ended September 30, 2020. Use the indirect method and prepare the statement in billions of dollars. Note that I do not care about format - so long as I can tell what the numbers are and in which section they belong. [Airbnb) operate[s] a global marketplace, where hosts offer guests stays and experiences on [their] platform. As of September 30, 2020, our more than 4 million hosts had 7.4 million available listings of homes and experiences, of which 5.6 million were active listings. Our listings include private rooms, entire homes, luxury villas, treehouses, igloos, and experiences, in approximately 100,000 cities across more than 220 countries and regions." - From Airbnb's November 16, 2020 S-1 Filing. Answer problem VI using the simplified financial statements and selected information from Airbnb's S-1 (see below). Before answering the questions, take a few minutes to review this information. Familiarity with the available information will likely save you some time and mistakes. Note that all numbers in the statements and problems are in billions of dollars (5000,000,000). Watch the dates in the questions and on the statements. In this problem 2020 means the first nine months of 2020 (January 1, 2020 through September 30, 2020). Hint: the fact that this covers a nine-month period does not change the process that you will use. Balance Sheets for December 31, 2019 1.7 1.3 3.5 0.7 1.1 8.3 September 30, 2020 2.7 1.8 2.7 Change +1.0 +0.5 -0.8 -0.1 -0.2 +0.4 0.9 8.7 Cash and cash equivalents Investments Accounts Receivable Property and equipment, net Intangible assets and goodwill, net Total Assets Current (operating) liabilities Long-term debt Contributed Capital Retained Earnings (*) Total Liab. and SE 5.2 0.7 3.8 (1.4) 8.3 4.4 2.5 3.9 (2.1) 8.7 -0.8 +1.8 +0.1 -0.7 +0.4 As Airbnb has had cumulative losses, their retained earnings is negative. Additional Information 1. Any sales of investments, or intangible assets and goodwill during 2020 were made at book value (that is, there were NO gains or losses on the sales). 2. In 2020, Airbnb bought 1.1 in investments and 0.1 in property and equipment. 3. No intangible assets or goodwill were purchased during 2020, nor did these assets have any amortization during 2020. No property and equipment was sold during 2020. 4. Airbnb did not pay any dividends or repurchase any shares during 2020. 5. During 2020, Airbnb borrowed 2.0 in long-term debt