(Related to Checkpoint 3.3) (Analyzing the cash flow Statement) Google, Inc. (GOOG), is one of the most successful Internet firms, and it experienced very rapid growth in revenues from 2011 through 2014. The cash flow statements for Google, Inc. spanning the period are found here: Answer the following questions using t information found in these statements: . Is Google generating positive cash flow from its operations? . How much did Google invest in new capital expenditures over the period? Bd ly the cach flo etatemants for 2011 through 2014, write a brief narrative that describes the major activities of Google's management team over the period. . Is Google generating positive cash flow from its operations? (Select the best choice below.) A. Google has generated positive cash flow from O B. Google has generated positive cash flow from O C. Google has generated positive cash flow from O D. Google has generated positive cash flow from operations during the years 2011, 2012, 2013, and 2014. operations during the years 2011, 2012, and 2014. operations during the years 2012, 2013, and 2014. operations during the years 2011, 2013, and 2014 . How much did Google invest in new capital expenditures over the period? The amount that Google invested in new capital expenditures over the period is S 24944 million. (Round to the nearest integer) Describe Google's sources of financing in the financial markets over the period? (Select the best choice below.) OA. Google's main source of financing in the financial markets over the period was the issuance of debt for the amount of $1,614 million. Q B. Google's main source of financing in the financial markets over the period was the issuance of debt for the amount of -$1,831 million. O c. Google's main source of financing in the financial markets over the period was the issuance of common stock for the amount of-$1.831 million. O D. Google's main source of financing in the financial markets over the period was the issuance of common stock for the amount of $22 million. .Based solely on the cash flow statements for 2011 through 2014, write a brief narrative that describes the major activities of Google's management team over the period. (Select the best choice below.) O A. Google's management team has been investing heavily in working capital and financing them with the issuance O B. Google's management team has been investing heavily in capital expenditures and financing them with the issuance of debt and internally generated funds. stocks and internally generated funds. (US$ millions) 12/31/2014 12/31/2013 12/31/2012 12/31/2011 $9,789 Net income $14,462 $12,881 $10,713 Depreciation 3,509 2,784 1,990 1,427 Amortization 1,479 1,186 911 413 Deferred taxes (124) (400) (288) 322 1,995 Noncash items 2,697 2,282 2,297 Changes in working capital Cash from operating activities 343 (33) 933 684 $16,556 $22,366 $18,700 $14,630 Capital expenditures $(10,948) $(7,345) $(3,241) $(3,410) (10,075 $(21,023) Other investing cash flow items (6,323) (9,809) (15,616) $(13,668) $(13,050) $(19,026) Cash from investing activities Interest and financing cash flow items $(1,487) $(315) $(108) $79 Total cash dividends paid C C 0 C 0 Issuance (retirement) of stock 2 20 0 Issuance (retirement) of debt (23) (500) 1,352 785 $(1,508) $(815) $1,264 Cash from financing activities $864 Foreign exchange effects $(483) $(5) $4 $28 $4,212 $4,774 Net change in cash $(648) $(3,504)