What were the major sources and uses of cash for Prufrock Corporation in 2021 as detailed in the chapter?

In 2021, Prufrock Corporation's major sources of cash included an increase in accounts payable ($32 million), an increase in common stock ($50 million), and an increase in retained earnings ($290 million), totaling $372 million. The major uses of cash were an increase in accounts receivable ($23 million), an increase in inventory ($29 million), a decrease in notes payable ($35 million), a decrease in long-term debt ($74 million), and fixed asset acquisitions ($425 million), totaling $731 million.

Prufrock Corporation's cash flow activities in 2021 revealed significant sources and uses of cash. The sources included an increase in accounts payable, which indicates borrowing, along with the issuance of common stock and an increase in retained earnings from net income after dividends. On the other hand, the uses of cash involved increases in current assets like accounts receivable and inventory, payments on notes and long-term debt, and substantial spending on fixed asset acquisitions. The net result was a cash addition of $62 million for the year.