The following data come from the financial statements of The Water Sport Company for the year ended May 31, 2011 (in millions):

Requirements
1. Prepare a cash flows statement for the year ended May 31, 2011. Not all items given appear on the cash flows statement.
2. What activities provided the largest source amount of cash? Is this a sign of financial strength orweakness?

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Purchases of property, Other investing cash plant, and equipment Net income Adjustments to reconcile net 3,515 paymens.. 3,030 Accounts receivable. Payment o Common stock Issuance of common stock.... Sales of property, plant, $ 180 500 290 4,850 170 f dividends ……… income to net cash provided by operating activities Revenues 2,370 59,200 275 Cash, beginning of yea 30 12,990 end of year. 1,890 Retained Cost of goods so 37,450