Cash and cash equivale $ 797 $ 974 672 Cash and cash equivalents at end of period ance-KLM Case KLM Air France-KLM (AF), a Franco-Dutch company, prepares its financial statements according to International Financial Reporting Standards. AF's financial statements and disclosure notes for the year ended December 31. 2013, are provided with all new textbooks. This material also is available at www.airfranceklm-finance.com. Required: 1. How does AF classify operating expenses in its income statement? How are these expenses typically classi- fied in a U.S. company income statement? 2. How does AF classify interest paid, interest received, and dividends received in its statement of cash flows? What other alternatives, if any, does the company have for the classification of these items? How are these items classified under U.S. GAAP