construct a cash flow statement with problem 3-17

Powell Panther Corporation: Income Statements for Year Ending December 31 (Mons of dollars) 2019 2018 $ 1,200.0 1,020.0 $ 180.0 $1,000.0 850.0 $ 150.0 30.0 25.0 Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization Earnings before interest and taxes (EBIT) Interest Earnings before taxes (EBT) Taxes (25%) $ 150.0 $ 125.0 21.7 20.2 $ 128.3 $ 104.8 26.2 32.1 96.2 Net income $ $ 78.6 Common dividends $ 79.7 $ 61.3 Powell Panther Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2019 2018 Assets $ 12.0 $ 10.0 Cash and equivalents Accounts receivable 180.0 150.0 Inventories 180.0 200.0 $ 372.0 $ 360.0 Total current assets Net plant and equipment Total assets 300.0 250.0 $ 672.0 $ 610.0 $108.0 $ 90.0 72.0 60.0 67.0 515 $247.0 $ 201.5 Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock (50 million shares) Retained earnings Common equity Total liabilities and equity 150.0 150.0 $397.0 $ 351.5 50.0 50.0 225.0 208.5 $275.0 $ 258.5 $ 610,0 $672.0