Waterfall charts draw attention to factors that cause differences between amounts, such as the increase in a companys net income from last year to this year or the change in cash position between the beginning and end of this year. Shown below are waterfall charts for a hypothetical company named Newflix, which is similar to Netflix, Incorporated.

Required: 1. According to the red waterfall chart, what was the amount of Newflixs net income (in millions) last year? 2. According to the red waterfall chart, what was the amount of Newflixs net income (in millions) this year? 3. According to the red waterfall chart, which factor contributed most to the net income increase from last year to this year? 4. According to the green waterfall chart, what was the amount of Newflixs beginning cash position (in millions) this year? 5. According to the green waterfall chart, what was the amount of Newflixs ending cash position (in millions) this year? 6. According to the green waterfall chart, which factor contributed most to the change in Newflixs beginning and ending cash position? This cash position factor directly affects which factor in the red net income waterfall chart?

Newflix's Net Income Changes $3,000 $2,500 $2,000 (in millions) | $1,500 $1,000 $500 $0 Last year's More Income tax net income member savings More Additional Greater content marketing payroll.. More This year's interes. net income Newflix's Changes in Cash Position $5,000 $4,000 $3,000 (in millions) $2,000 $1,000 $0 Beginning cash position Cash from issuing ne... Investment sales and.. Net cash spent Payments for Ending cash on operations property an.. position