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Construct a statement of cash flows from the following balance sheet and income statement information. Answer the following three questions: Patterson, Inc Balance Sheets for
Construct a statement of cash flows from the following balance sheet and income statement information. Answer the following three questions: Patterson, Inc Balance Sheets for Year-End ($ millions) Year 2019 Year 2018 $10 $80 Assets Cash and marketable securities Accounts receivable Inventories Total current assets Not lontandoviment Net plant and equipment Total assets 315 415 375 615 $1000 1000 $2,000 $810 870 $1,680 Year 2018 $30 60 Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Year 2019 $60 110 140 $310 754 130 $220 580 $310 754 $1,064 $220 580 800 Total current liabilities Long-term bonds Total debt Preferred stock (400,000 shares) Common stock (50 million shares) 40 130 130 710 Retained earnings Total common equity Total liabilities and equity 766 $896 $2,000 $840 $1,680 From the income statement:($ millions) Year 2019 $117.5 $100 Year 2018 $122 $90 Net income before dividends Depreciation Preferred stock dividends Common stock dividends $4 $4 $57.5 $53 Question 14 8 pts What are cash flows from operating activities for Patterson Corp. for 2019? Construct the operating cash flow section of the statement of cash flows. You can cut-and-paste from Excel. Question 15 8 pts What are cash flows from financing activities for Patterson Corp. for 2019? Construct the financing cash flow section of the statement of cash flows. You can cut-and-paste from Excel
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