Question 2

Apple Inc. Financial Data for the Year Ended December 31, 2023:

Account	Amount
Net Income	$10,000,000
Depreciation Expense	$2,500,000
Change in Accounts Receivable	$800,000
Change in Inventory	($1,200,000)
Purchase of Equipment	$3,000,000
Issuance of Common Stock	$1,500,000

Requirements:

1. Prepare the Cash Flow Statement using the indirect method.
2. Compute the Net Cash provided by Operating Activities.
3. Calculate the Net Cash used in Investing Activities.
4. Determine the Net Cash provided by Financing Activities.
5. Analyze Apple Inc.'s cash flow performance.