The following data come from the financial statements of Tidal Wave Company for the year ended March 31, 2019 (in millions):

Requirements

1. Prepare Tidal Wave Company’s cash flow statement for the year ended March 31, 2019. Not all the items listed will appear on the cash flow statement.

2. Which 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.. Net income.. Adjustments to reconcile net income to net cash provided by operating activities .. 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.. $ 3,500 3,050 200 550 360 4,830 2,380 200 Revenues.. 59,400 Cash, beginning of year.. 270 1,900 37,410 60 end of year . 12,900 Cost of goods sold..