Problem 2.30 Statement of Cash Flows (LG2-5) Use the balance sheet and income statement below. 2021 2021 2020 $ 73 194 314 $ 581 Assets Current assetsi 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 VALIUM'S MEDICAL SUPPLY CORPORATION Balance Sheet as of December 31, 2021 and 2020 (in thousands of dollars) 2020 Liabilities and Equity Current liabilities: $ 72 Accrued wages and taxes 182 Accounts payable 292 Notes payable $ 546 Total Long-term debt $ 884 Stockholders' equity: Preferred stock (6 thousand shares) $ 270 Common stock and paid-in surplus (100 thousand shares) Retained earnings $906 Total $1,452 Total liabilities and equity $ 52 154 132 $ 338 $ 572 $ 142 132 $ 316 $ 558 114 $1,076 148 $ 928 136 51,064 51,645 136 5 6 120 609 $ 735 $1,645 $ 5 120 452 5578 51,452 VALIUM'S MEDICAL SUPPLY CORPORATION Income Statement for Years Ending December 31, 2021 and 2020 (in thousands of dollars) 2021 2020 Net sales $ 894 $ 804 Less: Cost of goods sold 353 Gross profits $ 504 $ 451 Less: Other operating expenses 48 42 Earnings before Interest, taxes, depreciation, and amortization (EBITDA) $ 456 $ 409 Less: Accumulated depreciation 34 32 Earnings before interest and taxes (EBIT) $ 422 $ 377 Less: Interest 49 Earnings before taxes (EBT) $ 373 $ 334 Less: Taxes 78 70 Net Income $ 295 $ 264 Less: Preferred stock dividends $ 6 $ 6 Net Income available to common stockholders $ 209 $ 255 Less Common stock dividends 112 132 Addition to retained earnings $ 157 $ 126 Per (Common) share data: Earnings per share (EPS) $2.89 $2.58 Dividends per share (OPS) $1.32 $1.32 Book value per share (BVPS) $7.29 $5.72 Market value (price) per share (VPS) $8.32 $6.20 Prepare a statement of cash flows for Valium's Medical Supply Corporation. (Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows for Year Ending December 31, 2021 (in thousands of dollars) Cash flows from operating activities 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