2021 2020 $ 7 25 23 CLANCY'S DOG BISCUIT CORPORATION Balance Sheet as of December 31, 2021 and 2020 (in millions of dollars) 2021 2020 Liabilities and Equity Current liabilities: $ 8 $ 8 Accrued wages and taxes 38 30 Accounts payable 41 35 Notes payable $ 87 $ 73 Total Long-term debt $111 $ 90 Stockholders' equity: 31 Preferred stock (2 million shares) $ 80 $ 65 Common stock and paid-in-surplus (5 million shares) 28 28 Retained earnings $108 $ 93 Total $195 $166 Total liabilities and equity 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 $ 13 27 25 $ 65 $ 42 $ 55 $ 43 25 $ 2 11 75 $ 88 $195 $ 2 11 55 $ 68 $166 Total assets CLANCY'S DOG BISCUIT CORPORATION Income Statement for Years Ending December 31, 2021 and 2020 (in millions of dollars) 2021 2020 Net sales $ 108 $ 112 Less: Cost of goods sold 55 51 Gross profits $ 53 $ 61 Less: Other operating expenses 8 7 Earnings before interest, taxes depreciation, and amortization (EBITDA) $ 45 $ 54 Less: Accumulated depreciation 6 6 Earnings before interest and taxes (EBIT) $ 39 $ 54 Less: Interest 6 6 Earnings before taxes (EBT) $ 33 $ 42 Less: Taxes 7 9 Net income $ 26 $ 33 Less: Preferred stock dividends $ 1 $ 1 Net income available to common stockholders $ 25 $ 32 Less: Common stock dividends 5 5 Addition to retained earnings $ 20 $ 27 Per (common) share data: Earninne nor charo EPSX $5 on $64 g a --- g / | Earnings per share (EPS) Dividends per share (DPS) Book value per share (BVPS) Market value (price) per share (MVPS) $ 5.00 $ 1.00 $17.20 $17.85 $ 6.40 $ 1.00 $13.20 $16.60 Prepare a statement of cash flows for Clancy's Dog Biscuit Corporation. (Enter your answers in millions of dollars. Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows for Year Ending December 31, 2021 (in millions 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: Subtractions: Net cash flow from financing activities Net change in cash and marketable securities