The accompanying tables show Dynamic Mattress’s year-end 1998 balance sheet and its income statement for 1999. Use these tables (and Table 2.3) to work out a statement of sources and uses of cash for 1999.

Data from in Table 2.3

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Assets Current assets YEAR-END BALANCE SHEET FOR 1998 (figures in millions of dollars) 42224 20 Liabilities Current liabilities Bank loans Accounts payable Total current liabilities Long-term debt 15 19 45956 Net worth (equity and retained earnings) 60 Cash Marketable securities Inventory Accounts receivable Total current assets 48 Fixed assets Gross investment 50 Less depreciation 14 Net fixed assets 36 Total assets 84 Total liabilities and net worth INCOME STATEMENT FOR 1999 (figures in millions of dollars) Sales 300 Operating costs -285 15 Depreciation -2 EBIT 13 Interest Pretax income Tax at 50 percent -6 Net income 6 84 4