Prepare a statement of cash flows for Clancy's Dog Biscuit Corporation. (Enter your answers in millions of dollars. Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows for Year Ending December 31, 2021 (in millions of dollars) Cash flows from operating activities Net income Additions (sources of cash): Subtractions (uses of cash): Net cash flow from operating activities Cash flows from investing activities Subtractions: Net cash flow from investing activities Cash flows from financing activities Additions: Subtractions: Net cash flow from financing activities Net change in cash and marketable securities Problem 2-29 Statement of Cash Flows (LG2-5) Use the balance sheet and income statement below: 2021 2020 $ 9 27 25 CLANCY'S DOG BISCUIT CORPORATION Balance Sheet as of December 31, 2021 and 2020 (in millions of dollars) 2021 2020 Liabilities and Equity Current liabilities: $ 10 $ 10 Accrued wages and taxes 40 32 Accounts payable 42 37 Notes payable $ 92 $ 79 Long-term debt $112 $ 94 Stockholders' equity: 35 27 Preferred stock (2 million shares) $ 77 $ 67 Common stock and paid-in-surplus (5 million shares) 30 30 Retained earnings $107 $ 97 Total $199 $176 Total liabilities and equity $ 14 29 29 $ 72 $ 40 Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Accumulated depreciation Net plant and equipment Other long-term assets Total Total assets Total $ 61 $ 45 ] $ 2 11 74 $ 87 $199 $ 2 11 57 $ 70 $ 176 CLANCY'S DOG BISCUIT CORPORATION Income Statement for Years Ending December 31, 2021 and 2020 (in millions of dollars) 2021 2020 Net sales $ 112 116 Less: Cost of goods sold 57 53 Gross profits $ 55 $ 63 Less: Other operating expenses 10 9 Earnings before interest, taxes depreciation, and amortization (EBITDA) $ 45 $ 54 Less: Accumulated depreciation 8 8 Earnings before interest and taxes (EBIT) $ 37 $ 54 Less: Interest 8 8 Earnings before taxes (EBT) $ 29 $ 38 Less: Taxes 6 8 Net income $ 23 $ 30 Less: Preferred stock dividends $ 1 $ 1 Net income available to common stockholders $ 22 $ 29 Less: Common stock dividends 5 5 Addition to retained earnings $ 17 $ 24 Per (common) share data: Earnings per share (EPS) $ 4.40 $ 5.80 Dividends per share (DPS) $ 1.00 $ 1.00 Book value per share (BVPS) $17.00 $13.60 Market value (price) per share (MVPS) $17.65 $17.00 gera hendak g