1. Apple Inc.'s cash flow statement for the year ended September 25, 2023, presents the following information:

Operating Activities:

• Net Income: $86,000,000
• Depreciation Expense: $11,500,000
• Increase in Accounts Receivable: $4,500,000
• Decrease in Inventory: ($2,000,000)
• Increase in Accounts Payable: $3,500,000
• Interest Expense Paid: ($1,000,000)
• Income Tax Paid: ($18,000,000)
• Net Cash Provided by Operating Activities: $84,000,000

Investing Activities:

• Purchase of Property, Plant, and Equipment: ($14,000,000)
• Proceeds from Sale of Investments: $6,000,000
• Net Cash Used in Investing Activities: ($8,000,000)

Financing Activities:

• Proceeds from Issuance of Long-term Debt: $20,000,000
• Repayment of Short-term Borrowings: ($5,000,000)
• Payment of Cash Dividends: ($23,000,000)
• Net Cash Used in Financing Activities: ($8,000,000)

a. Calculate Apple Inc.'s Cash Flow from Operations using the indirect method. b. Determine the Net Cash Used in Investing Activities and explain its impact on Apple’s capital expenditures. c. Analyze Apple Inc.'s Financing Activities section and discuss its impact on the company’s capital structure and liquidity position.