The following data come from the financial statements of Mitchell Company for the year ended March 31, 2022 (in millions):

Requirements
1. Prepare Mitchell Company’s cash flow statement for the year ended March 31, 2022. Not all items listed will appear on the cash flow statement.
2. What activities provided the largest source of cash? Is this a sign of financial strength or weakness?

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Purchases of property, plant, and equipment for cash.... $ 2,640 Net income..........….. 3,020 Adjustments to reconcile net income to net cash provided by operating activities..... Revenues......... Cash, beginning of year. end of year. Cost of goods sold... 2,420 60,100 220 2,775 37,550 Other investing cash payments....... Accounts receivable.. Payment of dividends. Common stock.….............. Issuance of common stock............... Cash proceeds on sale of property, plant, and equipment..... Retained earnings. $ 195 650 265 4,900 190 25 12,830