Walgreen Co., the largest drugstore chain in the United States, had the following items in its financial statements for the year ended August 31, 2011 (in millions):
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3) Walgreen Co.,the largest drugstore chain in the United States, had the following items in its financial statements for the year ended August 31,2011 (in millions):
Net sales Net earnings Additions to property and equipment Depreciation and amortization Proceeds from sale of business Cash dividends paid Other noncash expenses Increases in other current liabities Business acquisitions, net of cash received
$72,184 2,714 (1,213) 1,086 442 (647) 53 112 (630) (592) 384 (24) 2,028) 15 (203) 235 218 (243) 17 18,877 135 132 (434) 102
Increases in inventories Increases in trade accounts payable
increases in other current assets
Stock repurchases
Other cash provided by financing activities Other cash used for investing activities
Proceeds related to employee stock plans
Increases in accrued expenses and other liabilities
Increases in accounts receivable
Repayments on long-term debt Retained earnings Stock compensation expense
Deferred income taxes Gain on sale of business
Increases in income taxes payable
Proceeds from sale of assets
Total assets
27,454 ? 1,556 (324)
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year Net decrease in cash and cash equivalents
Select the items from this list that would appear in Walgreens' statement of cash flows and prepare the statement in proper form.Fill in the appropriate amount for cash and cash equivalents at the beginning of the period. Use the indirect method for reporting cash flows from operating activities.(Note: Deferred income taxes, stock compensation expense, and gain on sale of business are noncash expenses, and proceeds related to employee stock plans is a financing activity.)
