A. What are taxes paid in 2016? Assume the firm pays taxes equal to 35% of taxable income. (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)

B.What is cash provided by operations during 2016? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)

South Sea Baubles has the following (incomplete) balance sheet and income statement. Assets Current assets Net fixed assets BALANCE SHEET AT END OF YEAR (Figures in $ millions) 2015 2016 Liabilities and Shareholders' Equity $ 104 $ 210 Current liabilities 940 1,040 Long-term debt 2015 2016 $ 78 $ 102 670 890 INCOME STATEMENT, 2016 (Figures in $ millions) Revenue $ 2,020 Cost of goods sold 1,100 Depreciation 420 Interest expense 254