Font Voice 17 Editor FINC 4335 Fall 2020 Homework Assignment 2 Using the financial statement provided (an Excel spreadsheet with the data is available on Blackboard), prepare a complete Statement of Cash Flows that shows both the direct method and the indirect method for summarizing cash flow from operating activities. Note to complete the assignment you will need to calculate items such as dividends paid (Retained Earnings & AOC - Net income2018 - Retained Earnings & AOC) and capital expenditures (Net PP&E-Book Value of PP&E Solidors SD 2019 5781120 SOTO 16.163.0 Balance Sheets Income Statement 2010 2018 (milions) Cash & equivalents 52.577.0 5115500 Sales Accounts receivable.net 1.262.0 11000 Less Cost of goods sold Inventories 8.920 8,4870 Gross profi Other current assets 36010 LESS Seling genadmin. expenses Tots current assets 18120270 100 Less 0.8963 amort expenses Property plant, & equipment, gross 6.5410 4200 Operating profTEET Less: Accumulated depreciation 1720 HA Less Interest expense Property, plant equipment net 25,8330 Other income expenses Right-of-useleased assets 221150 Canoss on sale of assets Other long-term investments 1070 Earnings before tax Goodwill 63370 6330 Les Income tax expense Other intangible assets 53.0 600 Net Income Other noncurent assets 8350 5840 Total assets FONDO 4280 487.0 (11 01 (41.0 4.2020 0210 $3.2010 304051.00270 410 2110 OTO 0,7610 Current portion of long-term debt Short-term debt notes payablo Current operating Accounts payable Other scarved carpenses berted revenue other current Gbitis Total current abilities Long-term debt Long-term operating lease liab Deferred tas other long term bies Common stock and add paid.in capta Retained eaming Lother comp ngome (1055 LOSReasury stock 1.135.0 8400 1053011030 1424370 130 140 10.0350 0.25650 2004.0 0720 10270 30 04001 2000 62080 60830 11.8770 8.845.0 08.0 200 35780N BOLJE 1996 oo FELIX LEDT7 Footnotes During the year, the company received cash of $338.4 when it sold PP&E with a netbook value of $3794, which gave rise to the 541.0 loss that appears on the income statement Total depreciation and amortization expenses of $2,3570 is made up of depreciation expense of $2.344.0 and amortization expense of $13.0. W Font Voice 17 Editor FINC 4335 Fall 2020 Homework Assignment 2 Using the financial statement provided (an Excel spreadsheet with the data is available on Blackboard), prepare a complete Statement of Cash Flows that shows both the direct method and the indirect method for summarizing cash flow from operating activities. Note to complete the assignment you will need to calculate items such as dividends paid (Retained Earnings & AOC - Net income2018 - Retained Earnings & AOC) and capital expenditures (Net PP&E-Book Value of PP&E Solidors SD 2019 5781120 SOTO 16.163.0 Balance Sheets Income Statement 2010 2018 (milions) Cash & equivalents 52.577.0 5115500 Sales Accounts receivable.net 1.262.0 11000 Less Cost of goods sold Inventories 8.920 8,4870 Gross profi Other current assets 36010 LESS Seling genadmin. expenses Tots current assets 18120270 100 Less 0.8963 amort expenses Property plant, & equipment, gross 6.5410 4200 Operating profTEET Less: Accumulated depreciation 1720 HA Less Interest expense Property, plant equipment net 25,8330 Other income expenses Right-of-useleased assets 221150 Canoss on sale of assets Other long-term investments 1070 Earnings before tax Goodwill 63370 6330 Les Income tax expense Other intangible assets 53.0 600 Net Income Other noncurent assets 8350 5840 Total assets FONDO 4280 487.0 (11 01 (41.0 4.2020 0210 $3.2010 304051.00270 410 2110 OTO 0,7610 Current portion of long-term debt Short-term debt notes payablo Current operating Accounts payable Other scarved carpenses berted revenue other current Gbitis Total current abilities Long-term debt Long-term operating lease liab Deferred tas other long term bies Common stock and add paid.in capta Retained eaming Lother comp ngome (1055 LOSReasury stock 1.135.0 8400 1053011030 1424370 130 140 10.0350 0.25650 2004.0 0720 10270 30 04001 2000 62080 60830 11.8770 8.845.0 08.0 200 35780N BOLJE 1996 oo FELIX LEDT7 Footnotes During the year, the company received cash of $338.4 when it sold PP&E with a netbook value of $3794, which gave rise to the 541.0 loss that appears on the income statement Total depreciation and amortization expenses of $2,3570 is made up of depreciation expense of $2.344.0 and amortization expense of $13.0. W