5 ts Problem 2-24 Statement of Cash Flows (LG2-5) Use the balance sheet and income statement below: CLANCY'S DOG BISCUIT CORPORATION Balance Sheet as of December 31, 2024 and 2023 (in millions of dollars) 00:59:59 ellook PYVE eferences Current assets: Inventory Assets 2024 2023 Liabilities and Equity 2024 Current liabilities: Cash and marketable securities Accounts receivable $ 4 $4 Accrued wages and taxes $ 8 20 17 Accounts payable 16 26 22 Notes payable 16 Total Fixed assets: Gross plant and equipment Net plant and equipment Other long-term assets Total Total assets $ 50 $ 43 Total $.40 Long-term debt $27 Less: Accumulated depreciation $.83 19 12 $ 64 $52 15 $79 15 $ 67 Total $129 $ 64 Stockholders' equity: Preferred stock (2 million shares) Common stock and paid-in-surplus (5 million shares) Retained earnings $ 110 Total liabilities and equity $2 11 49 $ 62 $129 CLANCY'S DOG BISCUIT CORPORATION Income Statement for Years Ending December 31, 2024 and 2023 (in millions of dollars) Net sales Less: Cost of goods sold. Gross profits Less: Other operating expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA) Less: Depreciation Earnings before interest and taxes (EBIT) Less: Interest Earnings before taxes (EBT) Less: Taxes Net income Less: Preferred stock dividends Net income available to common stockholders Less: Common stock dividends Addition to retained earnings Per (common) share data: Earnings per share (EPS) Dividends per share (DPS) Book value per share (BVPS) Market value (price) per share (MVPS) 2024 $ 82 2023 $ 86 42 38 $ 40 $ 48 9 8 $ 31 $ 40 7 7 $ 24 $ 33 8 8 $ 16 $ 25 3 5 $ 13 $ 20 $ 1 $ 1 $12 $19 5 5 $ 7 $ 3.80. $ 14 $7.40 $ 1.00 $ 1.00 $ 12.00 $ 10.60 $12.65 Check my Prepare a statement of cash flows for Clancy's Dog Biscuit Corporation. $ 14.00 Note: Enter your answers in millions of dollars. Amounts to be deducted should be indicated with a minus sign. Leave no cells O Answer is not complete. Statement of Cash Flows for Year Ending December 31, 2024 (in millions of dollars) Cash flows from operating activities Net income Additions (sources of cash): Depreciation Increase in accrued wages and taxes Increase in accounts payable Subtractions (uses of cash): Increase in accounts receivable Increase in inventory Net cash flow from operating activities Cash flows from investing activities Subtractions: $ 31 x 3 x 1 x 2 (10) (4) $ 23 X $ (20) X 41 HOT WHO poly ri 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 $ (20) $ (20) $ 1 x 2 x 3X (1) (5) $ 4 S 0