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The financial statements of Pouchie Company included the following information for the year ended December 31, 2022 (amounts in millions): Depreciation and amortization expense
The financial statements of Pouchie Company included the following information for the year ended December 31, 2022 (amounts in millions): Depreciation and amortization expense Cash dividends declared and paid Purchase of equipment Beginning cash balance $ 271 311 815 Net income 523 131 Proceeds of common stock issued 195 Proceeds from sale of building (at book value) 223 Accounts receivable increase 19 Ending cash balance 305 Inventory decrease 52 Accounts payable increase 55 Required: Complete the following statement of cash flows, using the indirect method. Note: 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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