BALANCE SHEET-IBC Company (December 31) (in millions of dollars) Assets 2020 2019 Cash and equivalents $ 2,115 $ 576 Accounts receivable $ 2,270 $ 2,215 Inventories $ 1,555 $ 1,604 Total current assets $ 5,940 $ 4,395 Net plant and equipment $ 8,894 $ 6,545 Total assets $ 14.833 $ 10,940 Liabilities and Equity Accounts payable $ 1,108 $ 791 Accruals 1,213 770 Notes payable 2,670 1,641 Total current liabilities: 4,990 $ 3,202 Long-term bonds 4,747 3,829 Total abilities $ 9,737 $ 7,001 Common stock 500 Retained earnings 4,590 Total common equity $ 5,096 $ Total liabilities and equity INCOME STATEMENT-IBC Company (in millions of dollars) Net sales Operating costs except depreciation and amortization Depreciation and amortization Earnings before interest and taxes (EBIT) Interest expense Earnings before taxes (EBT) (25%) Net income PER-SHARE DATA Common stock price 500 3,409 3,909 $ 14,833 $ 10,940 2020 STATEMENT OF CASH FLOW-IBC Company (in millions of dollars) Operating Activities Net income Depreciation and amortization Decrease (increase) in inventories Decrease (increase) in accounts receivable Increase (decrease) in accounts payable Increase (decrease) in accrued wages and taxes Net cash provided by (used in) operating activities Investing Activities Additions to property, plant, and equipment Net cash used in investing activities Financing Activities Increase (decrease) in notes payable Increase (decrease) in bonds outstanding Payment of dividends to stockholders Net cash provided by financing activities Summary Net change in cash and equivalents: 2020 S 2,375 $ 1,186 $ 491 $ (55) $ 316 $ 443 $ 4,314 $ (3.534) $ (3.534) $ 1,029 $ 918 $ (1,187) S 759 $ 1,539 2019 Cash and equivalents at the beginning of the year Cash and equivalents at the end of the year. $ 576 $ 2.115 $ 20,213 $ 19,250) $ 15,564 $ 15,015 $ 1,186 $ 935 $ 3,463 $ 3,300 $ 297 $ 164 $ 3,166 $ 3,136 $ 792 $ 784 S 2,375 $ 2,352 2020 2019 $229.34 $ 175.91 Refer to the above financials for XYZ Company. How much cash did the firm invest in net operating working capital (NOWC) in 2020? Choose the nearest value. O $753 O $4,314 O $3,534. $1,545