1. Attached are the financial statements from the 2020 10-K filing of McDonalds Corporation. Unless otherwise indicated, enter your answers below in millions of dollars to one decimal point, as shown on the statement, without dollar signs. Do not enter negative numbers; all questions ask for dollar amounts. McDonalds FY 2020 Statement of Cash Flows.pdf

   1. What was McDonalds Net income for the year ended Dec. 31, 2018?
   2. How much depreciation and amortization expense did McDonalds report for the year ended Dec. 31, 2020?
   3. How much cash did McDonalds generate from operations for the year ended Dec. 31, 2019?
   4. How much cash did McDonalds use to purchase restaurants and other businesses during the year ended Dec. 31, 2018?
   5. How much cash did McDonalds obtain from selling property in the year ended Dec. 31, 2020?
   6. How much cash did McDonalds use to purchase Treasury stock in the year ended Dec. 31, 2019?
   7. How much cash did McDonalds obtain from issuing long-term debt (financing) in the year ended Dec. 31, 2018?
   8. In computing cash provided by operations for the year ended Dec. 31, 2020, McDonalds subtracted 43.6 million from net income due to income taxes. Does this subtraction indicate that (A) income tax expense was greater than cash paid for income taxes, or (B) cash paid for income taxes were greater than income tax expense? Enter A or B.