please explain with explanations!!!!! Cash flow statement very very detailed please. please not just numbers i wont understand

PRESTIGE WORLDWIDE "The First Word in Entertainment" Prestige Worldwide Corporation Comparative Balance Sheets (in millions of dollars) 20x2 20x1 Change $ 60 $.17 9 11 18 7 12 19 N-- 7295 Cash Current Assets: Accounts receivable Inventory Prepaid Insurance Non-Current Assets: Long-term investments Property, plant and equipment Less accumulated depreciation Property, plant and equipment net Total assets 2 1 1 3 58 (33) 25 $126 5 47 (18) 29 $89 2 11 15 $ 31 $ 37 6 10 6 1 2. 8 Llabilities & Stockholders' Equity Current Liabilities: Accounts payable Accrued liabilities Income taxes payable Non-Current Liabilities: Bonds payable Stockholders' equity: Common stock Retained earnings Total liabilities and equity 17 15 2 12 51 $126 12 9 $89 42 37 PRESTIGE WORLDWIDE "Putting in the hours to study the science of what you need Prestige Worldwide Corporation Income Statement 20X2 (in millions of dollars) $650 425 225 120 55 Sales Cost of goods sold Gross margin: Selling and administrative expenses. Net operating income Nonoperating items: Gain on sale of investments Gain on sale of equipment Income before taxes Income taxes....... Net income... 1 8 64 (15) $149 Additional Information: The gain on sale of equipment consisted of the sale of equipment that had originally cost $25 million. The equipment was sold for cash. The equipment had accumulated depreciation of $6 million. They also sold investments that originally cost $12 million for cash. e investmento Additional Information: It did not retire any bonds or repurchase any of its own common stock during the year. Investments Cain on sale 12 1 2 cosh 13