Calculate the year end balance sheet for year 2 using the information given, explain how each value was calculated

12 Months End Year 2 $392 208 13 1 2 CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization Share-based compensation Loss on property and equipment, net Other Provision for deferred income taxes Excess tax benefit from share-based compensation Increase Decrease in Operating Capital Receivables, net Inventories, net Other assets Accounts payable Accrued expenses Other liabilities Net cash provided by operating activities -2 -16 -32 -204 11 113 63 -4 545 -196 -186 Cash flows from investing activities: Purchases of property and equipment Payments to Acquire Businesses, Gross Sale of certain assets of acquired business Proceeds from sales of property and equipment Net cash used in investing activities 19 1 -362 -3 0 449 -9 0 0 -18 4 -22 Cash flows from financing activities: Decrease) increase in bank overdrafts Decrease in financed vendor accounts ssuance of senior unsecured notes Payment of debt related costs Borrowings under credit facilities Payments on credit facilities Dividends paid Proceeds from the issuance of common stock, primarily exercise of stock options Tax withholdings related to the exercise of stock appreciation rights Excess tax benefit from share-based compensation Repurchase of common stock Contingent payment accrued on acquisitions Other Vet cash provided by (used in) financing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents, beginning of period Cash and cash equivalents, end of period 16 -81 5 -1 331 514 598 1,112 35 219 Supplemental cash flow information: Interest paid Income tax payments Non-cash transactions: Accrued purchases of property and Retirement of common stock Contingent consideration accrued on acquisitions Changes in other comprehensive income Declared but unpaid cash dividends 21 0 0 1 $4 1 End of year 2 End of year 1 2 598 230 2,309 47 $3,184 1,292 1 76 29 32 $ 4,614 CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified 3 Current assets: 4 Cash and cash equivalents 5 Receivables, net 6 Inventories, net 7 Other current assets 8 Total current assets Property and equipment, net of accumulated 9 depreciation 10 Assets held for sale 11 Goodwill 12 Intangible assets, net 13 Other assets, net 14 Assets, Total 15 Current liabilities: 16 Current portion of long-term debt 17 Accounts payable 18 Accrued expenses 19 Other current liabilities 20 Total current liabilities 21 Long-term debt 22 Other long-term liabilities 23 Commitments and Contingencies Stockholders Equity Attributable to Parent 24 (Abstract] 25 Preferred stock, nonvoting $00001 par value 26 Common stock, voting, $00001 par value 27 Additional paid-in capital 28 Treasury stock, at cost 29 Accumulated other comprehensive income (loss) 30 Retained earnings 31 Total stockholders equity 32 Liabilities and Stockholders Equity, Total 2,030 380 150 2,560 604 239 520 (27) 2 715 1210 $ 4,613 22 12 Months End Year 2 $392 208 13 1 2 CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization Share-based compensation Loss on property and equipment, net Other Provision for deferred income taxes Excess tax benefit from share-based compensation Increase Decrease in Operating Capital Receivables, net Inventories, net Other assets Accounts payable Accrued expenses Other liabilities Net cash provided by operating activities -2 -16 -32 -204 11 113 63 -4 545 -196 -186 Cash flows from investing activities: Purchases of property and equipment Payments to Acquire Businesses, Gross Sale of certain assets of acquired business Proceeds from sales of property and equipment Net cash used in investing activities 19 1 -362 -3 0 449 -9 0 0 -18 4 -22 Cash flows from financing activities: Decrease) increase in bank overdrafts Decrease in financed vendor accounts ssuance of senior unsecured notes Payment of debt related costs Borrowings under credit facilities Payments on credit facilities Dividends paid Proceeds from the issuance of common stock, primarily exercise of stock options Tax withholdings related to the exercise of stock appreciation rights Excess tax benefit from share-based compensation Repurchase of common stock Contingent payment accrued on acquisitions Other Vet cash provided by (used in) financing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents, beginning of period Cash and cash equivalents, end of period 16 -81 5 -1 331 514 598 1,112 35 219 Supplemental cash flow information: Interest paid Income tax payments Non-cash transactions: Accrued purchases of property and Retirement of common stock Contingent consideration accrued on acquisitions Changes in other comprehensive income Declared but unpaid cash dividends 21 0 0 1 $4 1 End of year 2 End of year 1 2 598 230 2,309 47 $3,184 1,292 1 76 29 32 $ 4,614 CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified 3 Current assets: 4 Cash and cash equivalents 5 Receivables, net 6 Inventories, net 7 Other current assets 8 Total current assets Property and equipment, net of accumulated 9 depreciation 10 Assets held for sale 11 Goodwill 12 Intangible assets, net 13 Other assets, net 14 Assets, Total 15 Current liabilities: 16 Current portion of long-term debt 17 Accounts payable 18 Accrued expenses 19 Other current liabilities 20 Total current liabilities 21 Long-term debt 22 Other long-term liabilities 23 Commitments and Contingencies Stockholders Equity Attributable to Parent 24 (Abstract] 25 Preferred stock, nonvoting $00001 par value 26 Common stock, voting, $00001 par value 27 Additional paid-in capital 28 Treasury stock, at cost 29 Accumulated other comprehensive income (loss) 30 Retained earnings 31 Total stockholders equity 32 Liabilities and Stockholders Equity, Total 2,030 380 150 2,560 604 239 520 (27) 2 715 1210 $ 4,613 22