2012 $ 98 188 422 $ 708 PRUFROCK CORPORATION 2011 and 2012 Balance Sheets (S in millions) 2011 Assets Current assets Cash $ 84 Accounts receivable 165 Inventory 393 Total $ 642 Fixed assets Net plant and equipment $2.731 Total assets $3,373 Liabilities and Owners' Equity Current liabilities Accounts payable $ 312 Notes payable 231 Total $ 543 Long-term debt $ 531 Owners' equity Common stock and paid-in surplus $ 500 Retained earnings 1.799 Total $2,299 Total liabilities and owners' equity $3,373 $2.880 $3,588 $ 344 196 $ 540 $ 457 $ 550 2.041 $2,591 $3,588 $2,311 1,344 276 PRUFROCK CORPORATION 2012 Income Statement ($ in millions) Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (34%) Net income Dividends $121 Addition to retained earnings 242 $ 691 141 $ 550 187 $363 A. Calculate cash flow from asset for Prufrock for the year 2012? B. Calculate cash flow to creditor and cash flow to shareholder for Prufrock in 2012? Show that the sum of these two is the same as the number in part A