Use the balance sheet and income statement below: 2018 2017 $ 50 $ 43 191 183 VALIUM'S MEDICAL SUPPLY CORPORATION Balance Sheet as of December 31, 2018 and 2017 (in thousands of dollars) 2018 2017 Liabilities and Equity Current liabilities: $ 74 $ 73 Accrued wages and taxes Accounts payable 316 293 Notes payable $ 581 $ 549 Total Long-term debt $1,079 $ 886 Stockholders' equity: 150 115 Preferred stock (6 thousand shares) $ 929 $ 771 Common stock and paid-in surplus (100 thousand shares) 138 138 Retained earnings $1,067 $ 909 Total $1,648 $1,458 Total liabilities and equity $ $ 133 339 573 $ $ Assets Current assets! Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Accumulated depreciation Net plant and equipment Other long-term assets Total Total assets 133 319 560 $ 6 120 $ 6 120 453 $ 579 $1,458 $ 736 VALIUM'S MEDICAL SUPPLY CORPORATION Income Statement for Years Ending December 31, 2018 and 2017 (in thousands of dollars) 2018 2017 Net sales $ 896 $ 806 Less: Cost of goods sold 391 354 Gross profits $ 505 $ 452 Less: Other operating expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 456 $ 409 Less: Accumulated depreciation Earnings before interest and taxes (EBIT) $ 376 Less! Interest Earnings before taxes (EBT) $ 371 $ 332 Less Taxes 133 Net income Less Preferred stock dividends Net income available to common stockholders Less Common stock dividends Addition to retained earnings Per (Common) share data 33 ENDELEA Per common) share data: Earnings per share (EPS) Dividends per share (DPS) Book value per share (BVPS) Market value (price) per share (MVPS) $2.32 $0.75 $7.30 $8.33 $2.13 $0.75 $5.73 Prepare a statement of cash flows for Valium's Medical Supply Corporation. (Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows for Year Ending December 31, 2018 (in thousands of dollars) Cash flows from operating activities Additions (sources of cash) Subtractions (uses of cash): Net cash flow from operating activities Cash flows from investing activities Subtractions: Net cash flow from investing activities Cash flows from financing activities Additions: Additions (sources of cash): Subtractions (uses of cash): Net cash flow from operating activities Cash flows from investing activities Subtractions: Net cash flow from investing activities Cash flows from financing activities Additions: Subtractions Net cash flow from financing activities Net change in cash and marketable securities
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