How do you calculate Cash from operating activities? Forecast the Statement of Cash FlowsFollowing are the income statement and balance sheet of Seagate Technology.SEAGATE TECHNOLOGY PLCConsolidated Statement of IncomeJune 2020 June 2019($ millions) For Year EndedForecastedActualRevenue$10,910 $ 10,390Cost of revenue7,8337,458Product development1,036991Marketing and administrative480453Amortization of intangibles2323Restructuring and other, net(22)Total operating expenses9,3728,903Income from operations1,5381,487Interest income8484Interest expense(224)(224)Other, net2525Other expense, net(115)(115)Income before income taxes1,4231,372(Benefit) provision for income taxes299(640)Net income$41,124 $ 2,012SEAGATE TECHNOLOGY PLCBalance SheetJune 2020 June 2019Actual|($ millions)ForecastedCurrent assetsCash and cash equivalents$2,935 $ 2,220Accounts receivable, net1,036989Inventories1,015970Other current assets196184Total current assets5,1824,363Property, equipment and leasehold improvements, net1,9711,869Goodwill1,2371,237Other intangible assets, net88111Deferred income taxes1,1671,114Other assets, net196191Total assets249,841 $8,885Current liabilitiesAccounts payable1,495$1,420Accrued employee compensation175169Accrued warranty9891Accrued expenses578552Total current liabilities2,3462,232Long-term accrued warranty109104Long-term accrued income taxes44Other noncurrent liabilities142130Long-term debt, less current portion4,2534,253Total liabilities6,8546,723Shareholders' equityOrdinary shares- par value $0.0001, 2.6 billion shares authorized, 1,340,697,595 andand1,354,218,154 shares issued and outstanding, respectivelyAdditional paid-in capital6,6446,545Accumulated other comprehensive loss(34)(34)Accumulated deficit(3,623)(4,349)Total shareholders' equity2,9872,162Total liabilities and shareholders' equity9,841 $8,885CAPEX (Increase in gross Property and equipment)/Revenue 5.8%Depreciation expense$633Dividends$398Refer to the Seagate Technology (STX) financial information above. Prepare a forecast of its FY2020 statement of cash flows.Round all answers to the nearest whole number. Use negative signs with answers, when appropriate. CAPEX (Increase in gross Property and equipment)/Revenue 5.8%Depreciation expense$633Dividends$398Refer to the Seagate Technology (STX) financial information above. Prepare a forecast of its FY2020 statement of cash flows.Round all answers to the nearest whole number. Use negative signs with answers, when appropriate.SEAGATE TECHNOLOGY PLCForecasted Statement of Cash Flows($ millions)June 2020Net income1,124 vAdd: Depreciation531 vAdd: Amortization23 VAdd: Stock based compensation99Change in Accounts receivable, net(47)Change in Inventories(45) vChange in Other current assets(12)Change in Deferred income taxes(53)Change in Other assets, net(5) VChange in Accounts payable75 VChange in Accrued employee compensationChange in Accrued warrantyChange in Accrued expenses26 vChange in Long-term accrued warranty5 VChange in Long-term accrued income taxesChange in Other non-current liabilities12 VCash from operating activities716 XCapital Expenditures(633)Net cash from investing activities(633)Dividends(398)Net cash from financing activities(398) vNet change in cash715 VBeginning cash2,220Ending cash$42,935

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Cash flow statement means the statement which shows the cash flow in or out of business enterprises…