Please do req. 1, 2 and 3.

Apple Inc. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (In millions, except per share amounts) Years ended September 28, September 29, September 30. 2019 2018 2017 $ 107,147 $ 134,047 $ 128,249 Total shareholders' equity, beginning balances 40,201 781 35,867 669 31,251 555 Common stock and additional paid-in capital: Beginning balances Common stock issued Common stock withheld related to net share settlement of equity awards Share-based compensation Tax benefit from equity awards, including transfer pricing adjustments Ending balances (2,002) 6,194 (1.778) 5,443 (1,468) 4,909 620 35,867 45,174 40,201 70,400 55,256 (14,129) 98,330 59,531 (13.735) 96,364 48,351 (12,803) Retained earnings: Beginning balances Net income Dividends and dividend equivalents declared Common stock withheld related to net share settlement of equity awards Common stock repurchased Cumulative effects of changes in accounting principles Ending balances (581) (33,001) (1,029) (67.101) 2.501 45,898 (948) (73,056) 278 70,400 98,330 Accumulated other comprehensive income/(loss): Accumulated other comprehensive income/(loss): Beginning balances Other comprehensive income/loss) Cumulative effects of changes in accounting principles Ending balances 634 (784) (3,454) 2,781 89 (584) (150) (3,026) (278) (3,454) (150) $ Total shareholders' equity, ending balances 90,488 $ 134,047 107,147 $ 3.00 $ 2.72 $ 2.40 Dividends and dividend equivalents declared per share or RSU See accompanying Notes to Consolidated Financial Statements. Apple Inc. CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) Years ended September 28, September 29, September 30, 2019 2018 2017 $ 25,913 $ 20,289 $ 20,484 55,256 59,531 48,351 12,547 6,068 10.903 5,340 (32,590) (444) 10,157 4,840 5,966 (166) (340) (652) Cash, cash equivalents and restricted cash, beginning balances Operating activities: Net income Adjustments to reconcile net income to cash generated by operating activities: Depreciation and amortization Share-based compensation expense Deferred income tax expense/(benefit) Other Changes in operating assets and liabilities: Accounts receivable, net Inventories Vendor non-trade receivables Other current and non-current assets Accounts payable Deferred revenue Other current and non-current liabilities Cash generated by operating activities 245 (289) (5,322) 828 (8.010) (423) 2,931 873 (1.923) (625) (4.700) 69,391 (2,093) (2,723) (4,254) (5.318) 8,966 (593) 1,092 64,225 9.175 (3) 38.449 77.434 (4,700) 69,391 38,449 77.434 1,092 64 225 (39,630) 40,102 56,988 (10,495) (624) (1.001) 1,634 (1,078) 45,896 (71,356) 55,881 47,838 (13,313) (721) (1.871) 353 (745) 16,066 (159.486) 31.775 94,564 (12.451) (329) (521) 126 (124) (46,446) Other current and non-current liabilities Cash generated by operating activities Investing activities: Purchases of marketable securities Proceeds from maturities of marketable securities Proceeds from sales of marketable securities Payments for acquisition of property, plant and equipment Payments made in connection with business acquisitions, net Purchases of non-marketable securities Proceeds from non-marketable securities Other Cash generated by/(used in) investing activities Financing activities: Proceeds from issuance of common stock Payments for taxes related to net share settlement of equity awards Payments for dividends and dividend equivalents Repurchases of common stock Proceeds from issuance of term debt, net Repayments of term debt Proceeds from/(Repayments of commercial paper, net Other Cash used in financing activities Increase/(Decrease) in cash, cash equivalents and restricted cash Cash, cash equivalents and restricted cash, ending balances Supplemental cash flow disclosure: Cash paid for income taxes, net Cash paid for interest 781 (2,817) (14,119) (66,897) 6.963 (8,805) (5,977) (105) (90,976) 669 (2,527) (13,712) (72,738) 6,969 (6,500) (37) 555 (1.874) (12,769) (32,900) 28,662 (3.500) 3,852 (87.876) (17.974) 24,311 50,224 $ 5,624 25,913 $ $ (195) 20,289 S S 15,263 $ 3,423 $ 10,417 $ 3,022 S 11,591 2,092 See accompanying Notes to Consolidated Financial Statements. You have been asked by a potential client to evaluate Apple, Inc. Reflect on what you have leared in the course so far that will help you respond to your client. Use Apple's financial statements to support your answers. (Note: It may be easier for you to write your response in a word processing application first, then cut and paste it into the discussion reply) Requirements: Address each of the following five (5) requirements in your initial post Number your responses to correspond with each requirement (NOTE: the most recent year-end numbers ('this year') are always in the left hand column, closest to the account name, so it's easiest for users to read. The prior year-end numbers (last year') are in the next column to the right, because it's less relevant Requirement 1 - Statement of Operations Income Statement) Summary: For the two most recent fiscal years, provide the following income statement amounts. (Review the multi-step income statement in chapter 3, if necessary a. Gross Margin b. Net Income Requirement 2- Basic Accounting Equation: Shaw that the total assets of the company are equal to its total abilities plus its total stockholders' equity as of the balance sheet date for the most recent fiscal year. Do not recreate the company's balance sheet Requirement 3. Statement of Cash Flows: Review the statement of cash flows for the most recent fiscal year, and identity foliowing in your response : a. Did more cash come in, or go out in the most recent year? State whether cash increased or decreased overall and by how much (dollars). b. How much cash is generated by operating activities? Is it more or less than net income? nmnid the follow pins Ratins are explained