Preparing the Investing and Financing Sections of the Statement of Cash Flows Starwood Hotels & Resorts Worldwide, Inc., is one of the world’s largest hotel and leisure companies. It conducts business both directly and through its subsidiaries, including the following hotel brands: Sheraton, Four Points, W, Aloft, The Luxury Collection, Le Meridien, Element, Westin, and St. Regis. * Information adapted from the company’s recent annual statement of cash flows indicates the following investing and financing activities during that year (simplified, in millions of dollars):

Additional borrowing from banks                                          $986

Purchase of investments                                                          37

Sale of assets and investments (assume sold at cost)                          359

Issuance of stock                                                                     120

Purchase and renovation of properties                                     476

Payment of debt principal                                                        574

Receipt of principal payment on a note receivable                  172

Required:

Prepare the investing and financing sections of the statement of cash flows for Starwood Hotels. Assume that year-end is December 31, 2012.