(Related to Checkpoint 3.3) (Analyzing the cash flow Statement) Google, inc. (GOOG), is one of the most successfut 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 the information found in these statements a. Is Google generating positive cash flow from its oporations? b. How much did Google invest in new capital expendtures over the period? c. Describe Google's sources of financing in the fnancial markets over the period? d. Based soleby on the cash flow statements for 2011 through 2014 , write a brief natrative that describes the major activies of Google's management leam over the period. a. Is Google ponerating postwe cash flow from its operations? (Select the best choice below) A. Google has generated positve cash flow from its operations during the years 2011, 2013, and 2014 E. Google has generated posalve cash flow from its operations during the years 2011, 2012, and 2014 C. Google has generated positve cash flow from its operations during the years 2012, 2013, and 2014 D. Google has generated positive cahh fow from its operations during the years 2011, 2012, 2013, and 2014 b. How much did Google invest in new capital expenditures over the peried? \begin{tabular}{|c|c|c|c|c|} \hline (USS millions) & 12/31/2014 & 12/31/2013 & 12/31/2012 & 12/31/2011 \\ \hline Net income & $14,417 & $12,905 & $10,788 & $9,787 \\ \hline Depreciation & 3,471 & 2,797 & 1,955 & 1,440 \\ \hline Amortization & 1,498 & 1,114 & 955 & 403 \\ \hline Deferred taxes & (198) & (400) & (206) & 395 \\ \hline Noncash items & 2,681 & 2,207 & 2,267 & 1,984 \\ \hline Changes in working capital & 389 & (39) & 871 & 668 \\ \hline Cash from operating activities & $22,258 & $18,584 & $16,630 & $14,677 \\ \hline Capital expenditures & $(10,947) & $(7,317) & $(3,256) & $(3,419) \\ \hline Other investing cash flow items & (10,097) & (6,361) & (9,792) & (15,648) \\ \hline Cash from investing activities & $(21,044) & $(13,678) & $(13,048) & $(19,067) \\ \hline Interest and financing cash flow items & $(1,418) & $(252) & $(93) & $75 \\ \hline Total cash dividends paid & 0 & 0 & 0 & 0 \\ \hline Issuance (retirement) of stock & 2 & 0 & 10 & 0 \\ \hline Issuance (retirement) of debt & (20) & (537) & 1,320 & 792 \\ \hline Cash from financing activities & $(1,436) & $(789) & $1,237 & $867 \\ \hline Foreign exchange effects & $(427) & $(2) & $5 & $13 \\ \hline Net change in cash & $(649) & $4,115 & $4,824 & $(3,510) \\ \hline \end{tabular} b. How much did Google invest in new capital expendfures over the period? The amount that Google imvested in new captal expenditures over the period is 5 milion. (Round to the rearest integer.) c. Describe Google's sources of financing in the financial markets over the period? (Select the best choice below) A. Google's main source of finanoing in the financial markets over the period was the issuance of debt tor the amount of $1,555 million. B. Google's main source of financing in the financial markets over tho period was the issuance of common stock for the amount of $12 million. C. Google's main source of financing in the fnancial markets over the penod was the issuance of common stock for the amount of $1,688 million. D. Google's main source of financing in the finanolat makkets over the period was the issuance of debt for the amount of - $1,68B million d. Based solely on the cash flow statements for 2011 eirough 2014, write a brief narratve that describes the major activites of Goople's management team over the period. (Select the best choice below) A. Google's managoment team has been investing heavily in captal expendsures and financing them with the iswance of debt and internally generated funds. B. Google's management team has been imvesting heavly in caplal expendibures and financing them woh the issuance of stocks and intemally generaled funds. C. Google's management team has been irvesting heavly in working capital and fnancing them with the issuance of stocks and intemally generated Sunds. D. Google's management team has been spending heavly in paying cash dwdends and financing them with the issuance of stocks and internally generated funds