• Prepare the operating activities section of the cash flow statement for Apple Inc. using the indirect method based on the following information:
  • Net Income: $500,000
  • Depreciation Expense: $70,000
  • Increase in Accounts Receivable: $30,000
  • Decrease in Prepaid Expenses: $10,000
• Construct the investing activities section of the cash flow statement for Apple Inc. with the provided data:
  • Purchase of Property, Plant, and Equipment: $200,000

Sale of Marketable Securities: $100,000