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Operating Activities Net income Noncash adjustments Depreciation Working capital adjustments Due to change in accounts receivable Due to change in inventories Due to change in

Operating Activities
Net income
Noncash adjustments
Depreciation
Working capital adjustments
Due to change in accounts receivable
Due to change in inventories
Due to change in accounts payable
Due to change in accruals
Net cash provided (used) by operating activities
Investing Activities
Cash used to acquire fixed assets
Due to change in short-term investments
Net cash provided (used) by investing activities
Financing Activities
Due to change in notes payable
Due to change in long-term debt
Due to change in common stock
Payment of common dividends
Net cash provided (used) by financing activities
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$
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$ Britton String Corp.: Partial Balance Sheets as of December 31
a. Constructing Britton String's income statement
Britton String: financial information for 2022calculate total dividends and the addition to retained earnings.
Britton String Corp.: Income Statement for Year Ending
December 31,2022(Millions of Dollars)
\table[[Sales,2022],[Operating costs excluding depreciation,$],[, EBITDA,$],[Depreciation,$],[, EBIT,$],[Interest expense,$],[, EBT,$],[Taxes (25%),$],[, Net income,$],[Common dividends,$],[Addition to retained earnings,]]
Britton String Corp.: Partial Balance Sheet as of December 31
(Millions of Dollars)
\table[[Common stock,2022],[Retained earnings,$[],[, Total common equity,-],[Total liabilities and equity,$]]
c. Construct the statement of cash flows for 2022. NEED EVERYTHING ANSWERED PRETTY PLEASE GRADES DEPEDN ON IT
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