(Analyzing the cash flow statement) Goggle, Inc. is an Internet firm that has experienced a period of very rapid growth in revenues over the last four years. The cash flow statements for Goggle, Inc. spanning the period 2007-2010 are found below:

a. Is Goggle generating positive cash flow from its operations?

b. How much did Goggle invest in new capital expenditures over the last four years?

The amount that Goggle invested in the new capital expenditures over the period is $ ___ million. (Round to the nearest integer)

c. Describe Goggles sources of financing in the financial markets over the last four years.

d. Based solely on the cash flow statements for 2007 through 2010, write a brief narrative that describes the major activities of Goggles management team over the last four years.

Data Table 12 Months Ending 12/31/200912/31/2008 12/31/2010 12/31/2007 In Millions of U. S. Dollars Net income Depreciation expense Changes in working capital $4,050 990 610 $5,650 $(3,650) $(3,650) $410 $2,990 630 40 $3,660 $(6,980) $(6,980) $620 $1,460 300 50 $1,810 $(3,270) $(3,270) $0 $350 110 (280) $180 S(1,980) $(1,980) $3 Cash from operating activities Capital expenditure:s Cash from investing activities Interest and financing cash flow items Total cash dividends paid Issuance (retirement) of stock Issuance (retirement) of debt 24 2,390 4,430 1,250 Cash from financing activities Net change in caslh $434 $2,434 $3,010 $(310) $4,425 $2,965 $1,247 $(553) Done