The comparative balance sheets of Incloud Airlines show the following information for a recent year (amounts in thousands of US$):

aCash was $378,511 at the beginning of the year and $418,819 at the end of the year.
bIncloud Airlines did not sell any property, plant, and equipment during the year.
cNet income was $474,378.
a. Prepare a statement of cash flows for Incloud Airlines for the year. Treat changes in non-operating assets as investing transactions and changes in non-operating liabilities as financing transactions.
b. Discuss briefly the pattern of cash flows from operating, investing, and financing activities for Incloud Airlines for theyear.

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Change Amount Direction $40,308 Increase 15,351 Decrease 15,117 Increase 16,776 Increase 1,134,644 Increase 264,088 Increase 8,711 Increase 660 Decrease 114,596 Increase 244,285 Increase 140,026 Increase 96,991 Increase 340,879cIncrease Cash Accounts Receivable .. .. Accounts Payable . . Long-Term Debt ..