MC Qu. 121 LO 01-02 The following information ($ in millions) comes from a recent annual...

The following information ($ in millions) comes from a recent annual report of Amazon.com, Inc.:

MC Qu. 121 LO 01-02 The following information ($ in millions) comes from a recent annual... The following Information ($ in millions) comes from a recent annual report of Amazon.com, Inc.: Net sales $10,867 Total assets 4,440 End of year balance In cash 1,049 Total stockholders' equity 531 Gross profit (Sales - Cost of Sales). 2,600 Net Increase in cash for the year 28 Operating expenses 2,067 Net operating cash flow 651 Other Income (expense), net (23) Compute Amazon's balance in cash at the beginning of the year. O $ 929 O $ 1,972 $ 1,049 O $ 1,021