QUESTION 2 Prepare a statement of Cash Flows for the Year Ending December 31, 2017 for the Jentayu Corporation from the following Income Statement & Balance Shect. Jentayu Corporation Income Statement For the Year Ended 31 December, 2018(in RM Millions) RM 600 Sales (-) Cost of goods sold Gross profits 460 140 20 15 35 105 (-Operating expenses Selling expenses General & administrative expenses Total operating expenses EBITDA Depreciation expense EBIT Interest expense EBT Taxes Nel income 30 75 15 60 18 42 Dividend paid to stockholders Addition to retained earnings 6 36 Jentayu Corporation Balance Sheet as at December 31, 2017 and 2018(RM millions) 2017 2018 Assets Cash 21 Accounts receivable Inventory Prepaid expenses Total current assets Gross plant and equipment Less: Accumulated depreciation Net plant and equipment Total Assets 20 36 84 3 143 31 51 3 106 371 (85) 286 392 410 (115) 295 438 41 Liabilities & Equities Accounts payable Accrued expenses Short-term notes Total current liabilities Long-term debt Total liabilities 10 14 65 160 42 10 12 64 171 235 225 Common stockholders' equity Common stock 82 Retained earnings 85 Total common stockholders' equity Total liabilities and equity 392 82 121 167 438 203