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 VALIUM'S MEDICAL SUPPLY CORPORATION Balance Sheet as of December 31, 2018 and 2017 (in thousands of dollars) Check my work 2018 2017 Liabilities and Equity 2018 2017 Current liabilities: $ 81 $ 192 80 190 Accrued wages and taxes $ 64 $ 50 Accounts payable 158 150 322 300 Notes payable 140 140 $ 595 $ 570 Total $ 362 $ 340 Long-term debt $ 599 $ 574 $1,100 $ 900 Stockholders' equity: 164 122 Preferred stock (6 thousand shares) $ 6 $ 6 $ 936 $ 778 152 152 Common stock and paid-in surplus (100 thousand shares) Retained earnings 120 120 596 460 $1,088 $1,683 $ 930 Total $ 722 $ 586 $1,500 Total liabilities and equity $1,683 $1,500 VALIUM'S MEDICAL SUPPLY CORPORATION Income Statement for Years Ending December 31, 2018 and 2017 (in thousands of dollars) Net sales Less: Cost of goods sold Gross profits 2018 $ 910 2017 $ 820 398 $ 512 361 $ 459 Less: Other operating expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA) Less: Accumulated depreciation (2018) Earnings before interest and taxes (EBIT) 56 50 $ 456 42 $ 409 40 $ 414 $ 369 Less: Interest 57 51 Earnings before taxes (EBT) $ 357 $ 318 Less: Taxes 140 120 Net income $ 217 $ 198 Less: Preferred stock dividends $ 6 $ 6 Net income available to common stockholders $ 211 $ 192 Less: Common stock dividends 75 75 Addition to retained earnings $ 136 $ 117 Per (common) share data: Earnings per share (EPS) $2.11 $1.92 Dividends per share (DPS) $0.75 $0.75 Book value per share (BVPS) $7.16 $5.80 Market value (price) per share (MVPS) $8.19 $6.28 < Prev 5 of 6 Next > Prepare a statement of cash flows for Valium's Medical Supply Corporation. (Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows for Year Ending December 31, 2018 (in thousands of dollars) Cash flows from operating activities Net income 217 Additions (sources of cash): Depreciation 42 Increase in accounts payable 8 Increase in accrued wages and taxes 14 Subtractions (uses of cash): Increase in accounts receivable Increase in inventory Net cash flow from operating activities Cash flows from investing activities Subtractions: Increase in fixed assets Increase in other long-term assets 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: Common stock dividends Preferred stock dividends Net cash flow from financing activities Net change in cash and marketable securities $ 257 $ 25 < Prev 5 of 6 Next >