2021 2020 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 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: $ 9 $ 9 Accrued wages and taxes 25 22 Accounts payable 36 27 Notes payable $ 70 $ 58 Long-term debt $ 94 $ 74 Stockholders' equity: 22 17 Preferred stock (2 million shares) $ 72 $ 57 Common stock and paid-in-surplus (5 million shares) 20 Retained earnings $ 92 $ 77 Total $162 $135 Total liabilities and equity $ 16 21 20 $ 57 $ 30 $ 11 19 17 $ 47 $ 28 Total g sl: $ 2 11 62 $ 75 $ 2 11 47 $ 60 20 $162 $135 2 CLANCY'S DOG BISCUIT CORPORATION Income Statement for Years Ending December 31, 2021 and 2020 (in millions of dollars) 2021 2020 Net sales $ 92 $ 96 Less: Cost of goods sold 47 43 Gross profits $ 45 $ 53 Less: Other operating expenses 7 6 Earnings before interest, taxes depreciation, and amortization (EBITDA) $ 38 $ 47 . Less: Accumulated depreciation 5 5 Earnings before interest and taxes (EBIT) $ 33 $ 47 Less: Interest 6 6 Earnings before taxes (EBT) $ 27 $ 36 Less: Taxes 6 8 Net income $ 21 $ 28 Less: Preferred stock dividends $ 1 $ 1 Net income available to common stockholders $ $ 27 Less: Common stock dividends 5 5 Addition to retained earnings $ 15 $ 22 Per common) share data: Earnings per share (EPS) $ 4.00 $ 5.40 Dividends per share (DPS) $ 1.00 $ 1.00 Book value per share (BVPS) $14.60 $11.60 Market value (price) per share (MVPS) $15.25 $15.00 20 Prepare a statement of cash flows for Clancy's Dog Biscuit Corporation. 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: Subtractions: Net cash flow from financing activities Net change in cash and marketable securities