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 Balance Sheet as of December 31, 2021 and 2020 (in millions of dollars) 2021 2020 Liabilities and Equity 2021 2020 Current liabilities: $ 81 $ 80 Accrued wages and taxes $ 64 $ 50 192 190 Accounts payable 158 322 300 Notes payable 140 $ 595 $ 570 Total Long-term debt 16767 $ 362 $ 599 150 140 $ 340 $ 574 $1,100 164 $ 900 Stockholders' equity: 122 Preferred stock (6 thousand shares) 936 $ 778 152 152 Common stock and paid-in surplus (100 thousand shares) Retained earnings $1,088 $ 930 Total $1,683 $1,500 Total liabilities and equity 6 $ 6 120 120 596 460 $ 722 $ 586 $1,683 $1,500 CLANCY'S DOG BISCUIT CORPORATION Income Statement for Years Ending December 31, 2021 and 2020 (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: Accumulated depreciation (2018) Earnings before interest and taxes (EBIT) Less: Interest Earnings before taxes (EBT) Less: Taxes Net income 2021 $ 910 398 $ 512 56 2020 $ 820 361 $ 459 50 $ 456 $ 409 42 40 $ 414 $ 369 Less: Preferred stock dividends Net income available to common stockholders $ 211 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) 57 51 $ 357 $ 318 140 120 $ 217 $ 198 $ 6 $ 6 $ 192 75 75 $ 136 $ 117 $2.11 $1.92 $0.75 $0.75 $7.16 $5.80 $8.19 $6.28 1 Answer is not complete. Statement of Cash Flows for Year Ending December 31, 2021 (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 $ 217 0 14 8 2 22 $ 215 Subtractions: Net cash flow from investing activities Cash flows from financing activities Additions: Increase in notes payable Increase in long-term debt Increase in common and preferred stock Subtractions: Preferred stock dividends Common stock dividends Net cash flow from financing activities $ (158) $ 0 25 0 6 75 Net change in cash and marketable securities $ 1