Problem 2-29 Statement of Cash Flows (LG2-5) Use the balance sheet and income statement below. CLANCY'S DOG BISCUIT CORPORATION Balance Sheet as of December 31, 2021 and 2020 (in millions of dollars) Assets 2021 2020 Current assets: Liabilities and Equity 2021 2020 Current liabilities: Cash and marketable securities Accounts receivable $ 83 82 Accrued wages and taxes $ 68 152 202 192 Accounts payable 167 152 Inventory 326 302 Notes payable 142 142 Fixed assets: Total Gross plant and equipment Less Accumulated depreciation Net plant and equipment Other long-term assets Total Total assets $ 938 156 $1,094 $ 611 $ 576 Total $ 377 $ 346 Long-term debt 610 $578 $1,106 168 $ 904 124 $780 156 $ 936 Total $1,705 $1,512 Stockholders' equity: Preferred stock (6 thousand shares) Common stock and paid-in surplus (100 thousand shares) Retained earnings Total liabilities and equity $ 6 $ 6 120 592 120 462 $ 718 $ 588 $1,705 $1,512 CLANCY'S DOO BISCUIT CONDONATION Check a