CLANCY'S DOG BISCUIT CORPORATION Balance Sheet as of December 31, 2021 and 2120 (in millions of dollars) Assets 2023 2020 Liabilities and Equity Current asseter current liabilities: Cash and marketable securities Accounts receivable $9 $9 Accrued vages and taxes 25 22 Accounts payable Inventory 36 27 Notes payable Total $70 5:58 Fixed asseta Total Long-term debt $.94 $74 Gross plant and equipment Less: Accumulated depreciation Stockholders' equity: 22 17 Preferred stock (2 million shares) Net plant and equipment $72 20 $92 $57 20 Common stock and paid-in-surplus (5 million shares) Retained earnings other long-term assets Total 677 Total Total assets $162 $135 Total liabilities and equity CLANCY'S DOG BISCUIT CORPORATION Income Statement for Years Ending December 31, 2021 and 2020 (in millions of dollars) 2021 Net sales $ Lessi Cost of goods sold $ Gross profits Leas: Other operating expenses Earnings before interest, taxes depreciation, $ and amortization (EBITDA) Less: Accumulated depreciation $ Earnings before interest and taxes (EBIT) Lesai Interest $ Earnings before taxes (EBT) Less: Taxes Net income Less: Preferred stock dividends Net income available to common stockholders Lesst Common stock dividends Addition to retained earnings akan d Pian $ $ $ $ **** 1 92 47 45 7 38 5 33 6 27 6 21 1 20 5 15 2020 96 43 53 47 47 36 27 22 2021 2020 $ 16 5 11 19 17 21 20 $57 30 12 11 62 475 $162 $ 47 5:28 52 11 47 $60 $135 Check my wo Help Earnings before interest and taxes (EBIT) Lesa: Interest $ 47 6 Earnings before taxes (EBT) Less: Taxes $ 36 8 Net income $ 28 Less: Preferred stock dividends S 1 5 27 5 Net income available to common stockholders Less: Common stock dividends Addition to retained earnings Per (common) share data: $ 22 $ 4.00 $5.40 Earnings per share (EPS) Dividends per share (DPS) $ 1.00 $1.00 rences Book value per share (BVPS) $14.60 $11.60 Market value (price) per share (MVPS) $15.25 $15.00 Prepare a statement of cash flows for Clancy's Dog Biscuit Corporation. (Enter your answers in millions of dollars. Amounts to be deducted should be indicated with a minus sign.) 5 Book $ 33 ***** 6 $ 27 6 21 $ 1 $ 20 5 $ 15 Cash flows from operating activities Net income Additions (sources of cash): Depreciation Increase in accounts receivable Increase in inventory Subtractions (uses of cash): Increase in accounts payable Increase in accrued wages and taxes Net cash flow from operating activities Cash flows from investing activities Subtractions: Net cash flow from investing activities Cash flows from financing activities Additions: Subtractions: Net cash flow from financing activities Net change in cash and marketable securities > > XX $ SA 18 x