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Just need the answer for issue of stock. Thank you! The below tables shows Dynamic Mattress's year-end 2016 and 2018 balance sheets, and its income

image text in transcribedimage text in transcribed Just need the answer for issue of stock. Thank you!

The below tables shows Dynamic Mattress's year-end 2016 and 2018 balance sheets, and its income statement for 2017 Assets Current Assets: Cash Marketable securities Accounts receivable Inventory Total current assets Dynamic Mattress Year-End Balance Sheet for 2016 (figures in $ millions) Liabilities and Shareholders' Equity Current Liabilities: $ 42 Bank loans 21 Accounts payable 121 205 Total current liabilities $ 42 130 $ 389 $ 172 Fixed assets: Gross investment Less depreciation Net fixed assets Total assets $ 261 81 $ 180 $ 569 Long-term debt Net worth (equity and retained earnings) 36 361 Total liabilities and net worth $ 569 Assets Current Assets: Cash Marketable securities Accounts receivable Inventory Total current assets Dynamic Mattress Year-End Balance Sheet for 2017 (figures in $ millions) Liabilities and Shareholders' Equity Current Liabilities: $ 152.0 Debt due within a year (bank loans) 0.0 Accounts payable 146.0 249.0 $ 547.0 Total current liabilities $ 58.0 176.0 $ 234.0 Fixed assets: Gross investment Less depreciation Net fixed assets Total assets $ 367.0 87.5 $ 279.5 $ 826.5 Long-term debt Net worth (equity and retained earnings) 82.0 510.5 Total liabilities and owners' equity $ 826.5 Dynamic Mattress Income Statement for 2017 (figures in $ millions) Sales $1,511.0 Operating costs 1,419.5 $ 91.5 Depreciation 17.5 EBIT $ 74.0 Interest Pretax income $ $ 58.0 Tax at 50% 29.0 Net income $ 29.0 16.0 Notes: Dividend = $85 million and reinvested earnings = $65 million. Use the tables above to work out the statement of cash flows for 2017. (Enter your answers in millions of dollars rounded to 1 decimal place.) Answer is not complete. Dynamic Mattress (figures in $ millions) Sources of cash: Sold marketable securities Increased bank loans Increased accounts payable Increased long-term debt IS 21.0 16.0 46.0 46.0 Net income 29.0 Issue of stock Nonrocintion 175

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