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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 at
Construct a statement of cash flows from the following balance sheet and income statement information. Answer the following three questions: Patterson, Inc. Balance Sheets at Year End ($ millions) Assets Year 2019 Year 2018 Cash and marketable securities $10 $80 Accounts receivable 375 315 Inventories 615 415 Total current assets $1000 $810 Net plant and equipment 1000 870 Total assets $2,000 $1,680 Year 2019 Year 2018 Liabilities and Equity Accounts payable Notes payable $60 $30 110 60 Accruals 140 13C Total current liabilities $310 $220 Long-term bonds 754 580 Total debt $1,064 80C Preferred stock (400,000 shares) 40 40 Common stock (50 million shares) 130 130 Retained earnings 766 710 $896 $840 Total common equity Total liabilities and equity $2,000 $1,680 From Patterson, Inc. Income Statements at Year End: ($ millions) Year 2019 Year 2018 $117.5 $100 Net income before dividends Depreciation Preferred stock dividends Common stock dividends $122 $90 $4 $53 $4 $57.5 What are cash flows from operating activities for Patterson Corp. for 2019? Construct the operating cash flow section of the statement of cash flows. As a check number, what is net cash provided by operating activities? Place your answer in the box provided. What are cash flows from financing activities for Patterson Corp. for 2019? Construct the financing cash flow section of the statement of cash flows. As a check number, what is net cash provided by financing activities? Place your answer in the box provided
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