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4. Reforming statement of cash fnows. Below is a statement of sources and uses of cash for Jerich Corporation for a recent year (amounts in

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4. Reforming statement of cash fnows. Below is a statement of sources and uses of cash for Jerich Corporation for a recent year (amounts in millions) WS. JERICHO STEEL CORPORATION Statement of Sources and Uses of Cash for a recent year Sources of Cash Decrease in Accounts Receivable Increase in Accounts Payable Sale of Investments Net Income Common Stock Issued Depreciation Expense $61.6 29.8 72.1 245.7 71.8 325.3 $806.3 Total Sources Uses of Cash Long-term Debt Redeemed Dividends Paid Increase in Inventories Plant and Equipment Acquired Decrease in Other Current Liabilities $298.3 37.5 43.9 421.3 14.9 $815.9 (9.6) 530.5 $520.9 Total Uses Change in Cash Cash, Beginning of the Year Cash, End of the year Prepare a statement of cash flows for Jericho Steel Corporation that classifies cash flows into operating, investing, and financial activities. a. b. Comment on the pattern of cash flows from the operating, investing and financing activities for Jericho Steel Corporation for the year

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