Microsoft Corporation has the following information for the year ending December 31, 2023:

3. 
   
   • Net Income: $61 billion
   • Depreciation and Amortization: $10 billion
   • Increase in Accounts Receivable: $2 billion
   • Increase in Inventory: $1 billion
   • Increase in Accounts Payable: $3 billion
   • Capital Expenditures: $20 billion
   • Dividends Paid: $15 billion

Requirements:

3. 
   
   7. Prepare the cash flow statement using the indirect method.
   8. Calculate the net cash provided by operating activities.
   9. Determine the net cash used in investing activities.
   10. Compute the net cash used in financing activities.
   11. Analyze Microsoft’s cash flow position.