2. Svoboda Corporation comparative balance sheets at December 31 (in millions) 20X120X2 $ 5 $ 3 20X120X2 $ 0 ASSETS Cash Accounts receivable Inventories Fixed assets, net Other assets 22 2 55 LIABILITIES AND SHAREHOLDERS' EQUITY Notes payable Accounts payable Accrued wages Accrued taxes Long-term debt Common stock Retained earnings Total liabilities and shareholders' equity 15 44 $100 Total assets $100 $90 Svoboda Corporation statement of income and retained earnings, year ended December 31, 20X2 (in millions) $48 hununun 1. Net sales Expenses Cost of goods sold Selling, general, and administrative expenses Depreciation Interest Net income before taxes Less: Taxes Net income Add: Retained earnings at 12/31/X1 Subtotal Less: Dividends Retained earnings at 12/31/X2 $47 su a. Prepare a flow of funds (sources and uses of funds) statement for 20X2 for the Svoboda Corporation. 197 Analysis and Planning b. Prepare a statement of cash flows for 20X2 using the indirect method for the Svoboda Corporation