Facebook's transactions for the month of December 2023 are as follows:

• Cash received from customers: $10,000,000
• Cash paid to suppliers: $4,000,000
• Cash paid for operating expenses: $3,000,000
• Cash received from issuing common stock: $5,000,000
• Cash paid for dividends: $1,000,000

Requirements:

1. Prepare the Cash Flow Statement using the direct method.
2. Calculate the Net Cash provided by Operating Activities.
3. Determine the Net Cash provided by Financing Activities.
4. Assess the overall cash position of Facebook at the end of December 2023.
5. Evaluate Facebook’s cash management strategies.