Suppose the following data are derived from the 2022 financial statements of Southwest Airlines. (All dollars are in millions.) Southwest has a December 31 year-end.Cash balance, January 1, 2022 $1,310Cash paid for repayment of debt 129Cash received from issuance of common stock 140Cash received from issuance of long-term debt 480Cash received from customers 9,630Cash paid for property and equipment 1,450Cash paid for dividends 15Cash paid for repurchase of common stock 1,040Cash paid for goods and services 6,570 After analyzing the data, prepare a statement of cash flows for Southwest Airlines for the year ended December 31, 2022. (Show amounts that decrease cash flow either with a negative sign preceding the number e.g. -15,000 or in parentheses e.g. (15,000). Enter amounts in millions, e.g. 45,000,000 would be entered as 45.)

The journal book is the book in which all the transactions of the company will be recorded in a…

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Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 13P: Comprehensive The following are Farrell Corporations balance sheets as of December 31, 2019, and...

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Suppose the following data are derived from the 2022 financial statements of Southwest Airlines. (All dollars are in millions.) Southwest has a December 31 year-end.

Cash balance, January 1, 2022		$1,310
Cash paid for repayment of debt		129
Cash received from issuance of common stock		140
Cash received from issuance of long-term debt		480
Cash received from customers		9,630
Cash paid for property and equipment		1,450
Cash paid for dividends		15
Cash paid for repurchase of common stock		1,040
Cash paid for goods and services		6,570

After analyzing the data, prepare a statement of cash flows for Southwest Airlines for the year ended December 31, 2022. (Show amounts that decrease cash flow either with a negative sign preceding the number e.g. -15,000 or in parentheses e.g. (15,000). Enter amounts in millions, e.g. 45,000,000 would be entered as 45.)

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