Question: Prepare a forecasted statement of cash flows for 2016 using the indirect method. Operating expenses for 2016 (e.g., cost of goods sold and general and

Prepare a forecasted statement of cash flows for 2016 using the indirect method. Operating expenses for 2016 (e.g., cost of goods sold and general and administrative expenses) include estimated depre- ciation expense of $6,311 million. Property and equipment, net includes an estimated CAPEX of $5,590 million, and for estimated retained earnings assume the payment of $0 in dividends.

Prepare a forecasted statement of cash flows for 2016 using the indirect

method. Operating expenses for 2016 (e.g., cost of goods sold and general

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