20:51 Following are comparative balance sheets for Milico Incorporated at January 31 and February 28, 2023: MILLCO INCORPORATED Balance Sheets: February 28 and January 31, 2023 Assets Cash Accounts receivable Merchandise inventory Total current assets Plant and equipment: Production equipment Less: Accumulated depreciation Total assets Liabilities Accounts payable Short-term debt Other accrued liabilities Total current liabilities Long-term debt Total liabilities Stockholders' Equity Common stock, no par value, 32,000 shares authorized, 24,000 and 22,400 shares issued, respectively Retained earnings: Beginning balance Net income for month Dividends Ending balance Total stockholders' equity Total liabilities and stockholders' equity February 28 $ 33,600 51,200 64,800 $ 149,600 132,800 (19,200) $263,200 $ 29,600 35,200 16,800 $ 81,600 26,400 $ 108,000 $ 83,200 January 31 $ 29,600 42,400 75,200 $ 147,200 121,600 (16,800) $ 252,000 $ 32,800 35,2001 19,200 $ 87,200 36,800 $124,000 $ 51,200 28,800 (8,000) $72,000 $ 155,200 $ 263,200 $ 76,800 $ 34,400 23,200 (6,400) $ 51,200 $128,000 $252,000 Required: a. Calculate the change that occurred in cash during the month. You may assume that the change in each balance sheet amount is due to a single event (for example, the change in the amount of production equipment is not the result of both a purchase and sale of equipment). Because the retained earnings section of the balance sheet is, in and of itself, an analysis of the change in the retained earnings account for the month, the row for net income and dividends should be entered as the February amount and not the change. Use the space to the right of the January 31 data to enter the difference between the February 28 and January 31 amounts of each balance sheet item. b. Prepare a statement of cash flows that explains above changes?