7-10 The consolidated balance sheets for Lloyd Lumber Company at the beginning and end of 2015 follow. The company bought $50 million worth of fixed assets. The charge for depreciation in 2015 was $10 million. Net income was $33 mil- lion, and the company paid out $5 million in dividends.

The consolidated balance sheets for Lloyd Lumber Company at the beginning and end of 2015 follow. The company bought $50 million worth of fixed assets. The charge for depreciation in 2015 was $10 million. Net income was $33 million, and the company paid out $5 million in dividends. A. Fill in the amount of the source or use in the appropriate column. Change Jan. 1 Dec. 31 Source Use Cash S 7 15 Marketable securities 0 11 Net receivables 30 22 Inventories 53 75 Total current assets $ 90 $ 123 Gross fixed assets 75 125 Less: Accumulated depreciation (25) (35) Net fixed assets $ 50 Total assets $140 Accounts payable $ 18 $ 15 Notes payable 3 15 Other current liabilities 15 Long-term debt 24 Total liabilities $ 44 $ 61 Common stock 29 57 Retained earnings 67 95 Total liabilities and equity $140 $ 213 Note: Total sources must equal total uses. A. Prepare a statement of cash flows. B. Briefly summarize your findings