FREE CASH FLOW Financial information for Powell Panther Corporation is shown below: Powell Panther Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2016 2015 $2,750.0 $2,200.0 2,338.0 1,870.0 Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization Earnings before interest and taxes (EBIT) $412.0 $330.0 48.0 $349.0 $282.0 48.0 $288.0 $234.0 93.6 $172.8 $140.4 $156.0 $112.0 63.0 Interest 61.0 Earnings before taxes (EBT) Taxes (40%) 115.2 Net income Common dividends Powell Panther Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2016 2015 Assets Cash and equivalents Accounts receivable Inventories $26.0$24.0 370.0 308.0 633.0 550.0 $1,029.0 $882.0 629.0 484.0 $1,658.0 $1,366.0 Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable $218.0 $198.0 185.0 154.0 44.0 $458.0 $396.0 550.0 440.0 $1,008.0 $836.0 590.2 487.0 43.0 $650.0 $530.0 $1,658.0 $1,366.0 55.0 Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings 59.8 Common equity Total liabilities and equity Write out your answers completely. For example, 25 million should be entered as 25,000,000