The comparative balance sheets of Incloud Airlines show the following
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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