Question: Exercise 1-13 Suppose the following data are derived from the 2014 financial statements of Southwest Airlines. (All dollars are in millions.) Southwest has a December

Exercise 1-13 Suppose the following data are derived from the 2014 financial statements of Southwest Airlines. (All dollars are in millions.) Southwest has a December 31 year- end. Cash balance, January 1, 2014 $1,390 Cash paid for repayment of debt 122 Cash received from issuance 01 common stock 144 Cash received from issuance of long-term debt 500 Cash received from customers 9,823 Cash paid for property and equipment 1,529 Cash paid for dividends 14 Cash paid for repurchase of common stock 1,001 Cash paid for goods and services 6,978 (a) After analyzing the data. prepare a statement 01 cash flows for Southwest Airlines for the year ended December 31, 2014. (List negative amounts either with a negative sign preceding the number e.g. -15,000 or in parenthesis e.g. (15,000). Enter amounts in millions, e.g. 45 million.) SOUTHWEST AIRLINES Statement of Cash Flows For the Year Ended December 31, 2014 (in millions)
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