” CASH FLOW – THE DIRECT METHOD (In thousands) Cash flows from operating activities: CONSOLIDATED STATEMENTS OF CASH Flows Cash received from customers Cash paid to suppliers and employees Interest and dividends received Interest paid Income taxes paid Cash flows from investing activities: Net cash provided by operating activities Capital expenditures Purchases of investments Sales of investments Proceeds from the sale of property, plant and Fifty-Two Weeks Ended equipment Cash flows from financing activities: Net cash provided by (used) in investing activities January 1,Cash dividends paid2011Fifty-TwoNet increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year Reconciliation of Net Income to Net Cash Provided by Net cash used in financing activities Weeks Ended$ 417,580(384,624)1,580(94)(11,354)23,088January 2,2010Fifty-ThreeWeeks Ended Operating Activities: Net income Adjustments to reconcile net income to net cash$ 431,108(391,957)565(87)(13,895)25,734January 3,2009provided by operating activities:(2,597)(29,861)51,926Depreciation and amortization Provision for losses on accounts receivable Deferred income taxes Net loss from the disposal of property, plant and$ 479,578(437,970)2,513(109)(15,545)28,4671619,484(2,890)(30,164)13,127equipmentRealized loss on investments, net Amortization of premium on investments Stock appreciation rights compensation expense(3,161)(3,161)39,41113,180$ 52,591Changes in assets and liabilities net of effects from48(19,879)(income)(5,159)(25,130)35,556(Increase) decrease in assets:(3,161)(3,161)2,69410,486$ 13,180noncash investing and financing activities: Accounts and notes receivable Inventories Other current assets Other assets$ 18,085215,288(82,188)(82,188)(48,433)58,919$ 10,486Increase (decrease) in liabilities: Accounts payable, trade and other current liabilities: Federal and state income taxes payable Deferred rent Other liabilities5,307441,129$ 21,624Net cash provided by operating activities K5,59994108$ 24,667866960(394)6,1101691,923540472799(1,302)9527(273)89907259(1,090)(237)(61)(348)$ 23,088(246)972204161,823(2,402)66899(1,255)$ 25,7345273,712(281)(69)(9,148)(608)154(1,767)$ 28,467″ “Required. a. Prepare the statement of cash flows with a total column for the three-year period. (Do not include reconciliation of net income to net cash provided by operating activities). b. Comment on significant cash flow items in the statement prepared in (a). c. c. Prepare the statement of cash flows for the 52 weeks ended January 1, 2011, with inflows separated from outflows. Present the data in dollars and percentages. Do not include reconciliation of net income to net cash provided by operating activities. d. d. Comment on significant cash flow items on the statement prepared in.
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