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Prepare a statement of cash flows for Valiums Medical Supply Corporation. (Enter your answers in thousands. Amounts to be deducted should be indicated with a

Prepare a statement of cash flows for Valiums Medical Supply Corporation. (Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.)

VALIUMS MEDICAL SUPPLY CORPORATION
Balance Sheet as of December 31, 2018 and 2017
(in thousands of dollars)
Assets 2018 2017 Liabilities and Equity 2018 2017
Current assets: Current liabilities:
Cash and marketable securities $ 73 $ 72 Accrued wages and taxes $ 52 $ 42
Accounts receivable 194 182 Accounts payable 154 142
Inventory 314 292 Notes payable 132 132
Total $ 581 $ 546 Total $ 338 $ 316
Fixed assets: Long-term debt $ 569 $ 558
Gross plant and equipment $ 1,076 $ 884 Stockholders equity:
Less: Accumulated depreciation 148 114 Preferred stock (6 thousand shares) $ 6 $ 6
Net plant and equipment $ 928 $ 770 Common stock and paid-in surplus (100 thousand shares) 120 120
Other long-term assets 136 136 Retained earnings 612 452
Total $ 1,064 $ 906 Total $ 738 $ 578
Total assets $ 1,645 $ 1,452 Total liabilities and equity $ 1,645 $ 1,452

VALIUMS MEDICAL SUPPLY CORPORATION
Income Statement for Years Ending December 31, 2018 and 2017
(in thousands of dollars)
2018 2017
Net sales $ 894 $ 804
Less: Cost of goods sold 390 353
Gross profits $ 504 $ 451
Less: Other operating expenses 48 42
Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 456 $ 409
Less: Accumulated depreciation (2018) 34 32
Earnings before interest and taxes (EBIT) $ 422 $ 377
Less: Interest 49 43
Earnings before taxes (EBT) $ 373 $ 334
Less: Taxes 132 112
Net income $ 241 $ 222
Less: Preferred stock dividends $ 6 $ 6
Net income available to common stockholders $ 235 $ 216
Less: Common stock dividends 75 75
Addition to retained earnings $ 160 $ 141
Per (common) share data:
Earnings per share (EPS) $ 2.35 $ 2.16
Dividends per share (DPS) $ 0.75 $ 0.75
Book value per share (BVPS) $ 7.32 $ 5.72
Market value (price) per share (MVPS) $ 8.35 $ 6.20

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