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The financial statements of Pouchie Co. included the following information for the year ended December 31, 2016 (amounts in millions): Depreciation and amortization expense $
The financial statements of Pouchie Co. included the following information for the year ended December 31, 2016 (amounts in millions):
Depreciation and amortization expense | $ | 264 | |
Cash dividends declared and paid | 326 | ||
Purchase of equipment | 821 | ||
Net income | 376 | ||
Beginning cash balance | 120 | ||
Proceeds of common stock issued | 145 | ||
Proceeds from sale of building (at book value) | 199 | ||
Accounts receivable increase | 17 | ||
Ending cash balance | 7 | ||
Inventory decrease | 36 | ||
Accounts payable increase | 31 | ||
Required:
Complete the following statement of cash flows, using the indirect method. (Amounts to be deducted should be indicated by a minus sign. Enter your answers in millions (i.e., 5,000,000 should be entered as 5).)
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