The following information is available from Gray Co.’s accounting records for the year ended December 31, 2022 (amounts in millions):

Required:
a. The net cash provided by operating activities for Gray Co. for the year ended December 31, 2022, is $3,200 million. Calculate the cash paid to suppliers and employees.
b. The increase in cash for the year was $800 million. Calculate the amount of cash used to purchase buildings and equipment. Your answer to part a should be considered in your calculation.

Transcribed Image Text:

Cash dividends declared and paid . . Retirement of bonds payable at maturity Interest and taxes paid. Proceeds of common stock issued.. Proceeds from the sale of land . . . .. Collections from customers. Cash paid to suppliers and employees Purchase of buildings and equipment $ 950 600 440 1,250 500 8,940 ? ?