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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	$ 259
Cash dividends declared and paid	337
Purchase of equipment	831
Net income	503
Beginning cash balance	144
Proceeds of common stock issued	199
Proceeds from sale of building (at book value)	226
Accounts receivable increase	13
Ending cash balance	236
Inventory decrease	37
Accounts payable increase	49

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)

The financial statements of Pouchie Company included the following information for the year ended December 31, 2022 (amounts in millions):

Depreciation and amortization expense	$ 259
Cash dividends declared and paid	337
Purchase of equipment	831
Net income	503
Beginning cash balance	144
Proceeds of common stock issued	199
Proceeds from sale of building (at book value)	226
Accounts receivable increase	13
Ending cash balance	236
Inventory decrease	37
Accounts payable increase	49

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)

The financial statements of Pouchie Company included the following information for the year ended December 31, 2022 (amounts in millions):

Depreciation and amortization expense	$ 259
Cash dividends declared and paid	337
Purchase of equipment	831
Net income	503
Beginning cash balance	144
Proceeds of common stock issued	199
Proceeds from sale of building (at book value)	226
Accounts receivable increase	13
Ending cash balance	236
Inventory decrease	37
Accounts payable increase	49

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)

POUCHIE COMPANYStatement of Cash FlowsFor the Year Ended December 31, 2022(in millions)Cash flows from operating activities:Add (deduct) items not affecting cash:$0Cash flows from investing activities:$0Cash flows from financing activities:$0Cash balance, January 1, 2022Cash balance, December 31, 2022$0

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