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 VALIUM'S MEDICAL SUPPLY CORPORATION Balance Sheet as of December 31, 2021 and 2020 (in thousands of dollars) 2021 2020 Liabilities and Equity Current liabilities: $ 79 $ 78 Accrued wages and taxes 192 188 Accounts payable 318 298 Notes payable $ 589 $ 564 Total Long-term debt $1,094 $ 896 Stockholders' equity: 160 1 20 Preferred stock (6 thousand shares) $ 934 $ 776 Common stock and paid-in surplus (100 thousand shares) 148 148 Retained earnings $1,082 $ 924 Total $1,671 $1,488 Total liabilities and equity $ 60 153 138 $ 351 $ 601 $ 48 148 138 $ 334 $ 570 $ 6 120 593 $ 719 $1,671 $ 6 120 458 $ 584 $1,488 0 VALIUM'S MEDICAL SUPPLY CORPORATION Income Statement for Years Ending December 31, 2021 and 2020 (in thousands of dollars) 2021 2020 Net sales $ 906 $ 816 Less: Cost of goods sold 396 359 Gross profits $ 510 $ 457 Less: Other operating expenses 54 48 Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 456 $ 409 Less: Accumulated depreciation - 38 Earnings before interest and taxes (EBIT) $ 371 Less: Interest Earnings before taxes (EBT) $ 322 Less: Taxes 68 Net income $ 285 $ 254 Less: Preferred stock dividends $ 6 $ 6 Net income available to common stockholders $ 279 $ 248 Less: Common stock dividends 144 144 Addition to retained earnings $ 135 $ 104 Per common) share data: Earnings per share (EPS) $2.79 $2.48 Dividends per share (DPS) $1.44 $1.44 Book value per share (BVPS) $7.13 $5.78 Market value (price) per share (MVPS) $8.16 $6.26 49 00121aastan 22129592032 203 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, 2021 (in thousands of dollars) Cash flows from operating activities Net income $ 223 Additions (sources of cash): Depreciation 40 Increase in accounts payable Increase in accrued wages and taxes Subtractions (uses of cash): Increase in accounts receivable (4) Increase in inventory (20) Net cash flow from operating activities $ 256 Cash flows from investing activities Subtractions: Increase in fixed assets $ (198) Increase in other long-term assets Net cash flow from investing activities $ (198) Cash flows from financing activities Additions: Increase in common and preferred stock | $ Increase in long-term debt Increase in notes payable Subtractions: Common stock dividends Preferred stock dividends (6) Net cash flow from financing activities 1 $ (57) Net change in cash and marketable $ 1 securities 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 VALIUM'S MEDICAL SUPPLY CORPORATION Balance Sheet as of December 31, 2021 and 2020 (in thousands of dollars) 2021 2020 Liabilities and Equity Current liabilities: $ 79 $ 78 Accrued wages and taxes 192 188 Accounts payable 318 298 Notes payable $ 589 $ 564 Total Long-term debt $1,094 $ 896 Stockholders' equity: 160 1 20 Preferred stock (6 thousand shares) $ 934 $ 776 Common stock and paid-in surplus (100 thousand shares) 148 148 Retained earnings $1,082 $ 924 Total $1,671 $1,488 Total liabilities and equity $ 60 153 138 $ 351 $ 601 $ 48 148 138 $ 334 $ 570 $ 6 120 593 $ 719 $1,671 $ 6 120 458 $ 584 $1,488 0 VALIUM'S MEDICAL SUPPLY CORPORATION Income Statement for Years Ending December 31, 2021 and 2020 (in thousands of dollars) 2021 2020 Net sales $ 906 $ 816 Less: Cost of goods sold 396 359 Gross profits $ 510 $ 457 Less: Other operating expenses 54 48 Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 456 $ 409 Less: Accumulated depreciation - 38 Earnings before interest and taxes (EBIT) $ 371 Less: Interest Earnings before taxes (EBT) $ 322 Less: Taxes 68 Net income $ 285 $ 254 Less: Preferred stock dividends $ 6 $ 6 Net income available to common stockholders $ 279 $ 248 Less: Common stock dividends 144 144 Addition to retained earnings $ 135 $ 104 Per common) share data: Earnings per share (EPS) $2.79 $2.48 Dividends per share (DPS) $1.44 $1.44 Book value per share (BVPS) $7.13 $5.78 Market value (price) per share (MVPS) $8.16 $6.26 49 00121aastan 22129592032 203 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, 2021 (in thousands of dollars) Cash flows from operating activities Net income $ 223 Additions (sources of cash): Depreciation 40 Increase in accounts payable Increase in accrued wages and taxes Subtractions (uses of cash): Increase in accounts receivable (4) Increase in inventory (20) Net cash flow from operating activities $ 256 Cash flows from investing activities Subtractions: Increase in fixed assets $ (198) Increase in other long-term assets Net cash flow from investing activities $ (198) Cash flows from financing activities Additions: Increase in common and preferred stock | $ Increase in long-term debt Increase in notes payable Subtractions: Common stock dividends Preferred stock dividends (6) Net cash flow from financing activities 1 $ (57) Net change in cash and marketable $ 1 securities