Problem 2-29 Statement of Cash Flows (LG2-5) Use the balance sheet and income statement below. 2021 2020 $ 5 CLANCY'S DOO BISCUIT CORPORATION Balce sheet as of December 31, 2021 and 2020 in millions of dollars) 2921 2010 Listies and it Current liabilities $ 5 6 Merd ways and taxes 30 20 Account payable 22 33 Notes payable 501 $67 Total Long-ter det 3105 $ 86 Stockholders' equity 21 23 Preferred stock (2 million shares) $78 $63 Common stock and paid-in-surplus (5 million shares) 26 26 Retained earning $100 S0 Total $185 SI56 Total liabilities and equity Asta Current assets cash and marketable securities Accounts receivable Inventory Total Fixed assets Gross plant and equipment si Accumulated depreciation Net plant and quipment Other long-term assets Total Total asta $ 7 25 24 $ 56 $ 40 2: $ $ 2 $ 2 11 76 $89 5135 11 53 $ 66 5156 CLANCY'S DOG BISCUIT CORPORATION Income Statement for Years Ending December 31, 2021 and 2020 (in millions of dollars) 2021 2020 Net sales $ 104 $ 108 Less: Cost of goods sold 53 49 Gross profits 51 59 Less: Other operating expenses 6 5 Earnings before interest, taxes depreciation, and amortization (EBITDA) S 45 S 54 Less: Accumulated depreciation 4 4 Earnings before interest and taxes (EBIT) $ 41 s 54 Less: Interest 4 4 Earnings before taxes (EBT) $ 37 46 Less: Taxes B 10 Net income $ 29 36 Less: Preferred stock dividends $ 1 $ 1 Net income available to common stockholders $ 28 $ 35 Less: Common stock dividends 5 5 Addition to retained earnings $ 23 $ 30 Der (common) share data: Earnings per share (EPS) $ 5.60 $ 7.00 Dividends per share (DPS) $ 1.00 $ 1.00 Book value per share (BVPS) $17.40 $12.80 Market value (price) per share (MVPS) $18.05 $16.20 $ $ $ $ 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 Your Ending December 31, 2021 (in millions of dollars) Cash flows from operating activities Additions (Oures of cash) Subtraction (as of cash) Netcash flow from operating activities Cash flows from investing activities Subtraction 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