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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 $ 249 328 841 Net income 515 Beginning cash balance 105 Proceeds of common stock issued 203 Proceeds from sale of building (at book value) 236 Accounts receivable increase 17 Ending cash balance 188 Inventory decrease 37 Accounts payable increase 29 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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