Exercise 1-13

Suppose the following data are derived from the 2017 financial statements of Vaughn Manufacturing. (All dollars are in millions.) Vaughn Manufacturing has a December 31 year-end.

Cash balance, January 1, 2017		$1,420
Cash paid for repayment of debt		116
Cash received from issuance of common stock		140
Cash received from issuance of long-term debt		450
Cash received from customers		9,760
Cash paid for property and equipment		1,570
Cash paid for dividends		15
Cash paid for repurchase of common stock		1,010
Cash paid for goods and services		6,550

After analyzing the data, prepare a statement of cash flows for Vaughn Manufacturing for the year ended December 31, 2017.