CLANCYS DOG BISCUIT CORPORATION Balance Sheet as of December 31, 2015 and 2014 (in millions of dollars)
Assets	2015			2014				Liabilities and Equity	2015			2014
Current assets:								Current liabilities:
Cash and marketable securities	$	4		$	4			Accrued wages and taxes	$	8		$	6
Accounts receivable		20			17			Accounts payable		16			14
Inventory		26			22			Notes payable		16			12
Total	$	50		$	43			Total	$	40		$	32
Fixed assets:								Long-term debt:	$	26		$	23
Gross plant and equipment	$	83		$	64			Stockholders equity:
Less: Depreciation		19			12			Preferred stock (2 million shares)	$	2		$	2
								Common stock and paid-in surplus
Net plant and equipment	$	64		$	52			(5 million shares)		11			11
Other long-term assets		15			15			Retained earnings		50			42
Total	$	79		$	67			Total	$	63		$	55
Total assets	$	129		$	110			Total liabilities and equity	$	129		$	110

CLANCYS DOG BISCUIT CORPORATION Income Statement for Years Ending December 31, 2015 and 2014 (in millions of dollars)
	2015				2014
Net sales	$	82			$	86
Less: Cost of goods sold		41				37
Gross profits	$	41			$	49
Less: Other operating expenses		9				8
Earnings before interest, taxes depreciation, and amortization (EBITDA)	$	32			$	41
Less: Depreciation		7				7
Earnings before interest and taxes (EBIT)	$	25			$	34
Less: Interest		8				8
Earnings before taxes (EBT)	$	17			$	26
Less: Taxes		5				13
Net income	$	12			$	13
Less: Preferred stock dividends	$	1			$	1
Net income available to common stockholders	$	11			$	12
Less: Common stock dividends		3				3
Addition to retained earnings	$	8			$	9
Per (common) share data:
Earnings per share (EPS)	$	2.20			$	2.40
Dividends per share (DPS)	$	0.60			$	0.60
Book value per share (BVPS)	$	12.20			$	10.60
Market value (price) per share (MVPS)	$	12.85			$	14.00

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. Leave no cells blank - be certain to enter "0" wherever required.) Statement of Cash Flows for Year Ending December 31, 2015 (in millions of dollars) A. Cash flows from operating activities (Click to select) Additions (sources of cash (Click to select) (Click to select) (Click to select) Subtractions (uses of cash (Click to select) (Click to select) Net cash flow from operating activities B. Cash flows from investing activities Subtractions (Click to select) (Click to select) Net cash flow from investing activities C. Cash flows from financing activities Additions (Click to select) (Click to select) (Click to select) Subtractions (Click to select) (Click to select) Net cash flow from financing activities D. Net change in cash and marketable securities