Question 2-28: Statement of Cash Flows Use the balance sheet and income statement below to construct a statement of cash flows for Vallum's Medical Supply Corporation. Vallum's Medical Supply Corporation Balance Sheet as of December 31, 2018 and 2017 (in thousands of dollars 2018 2017 2018 2017 $74 S73 S58 $45 Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Liabilities and Equity Current liabilities Accrued wages and taxes Accounts payable Notes payable Total 199 322 $595 189 291 S553 159 131 S348 145 131 S321 Long-term debt: $565 $549 Fixed assets: Gross plant and equipment S1,084 5886 Less: Accumulated depreciation 153 116 Stockholders equity: Preferred stock (6 S6 S6 Thousand shares Common stock and paid-in 120 120 Surplus (100 thousand shares) Retained carings 617 457 Total S743 S583 Net plant and equipment S931 8770 Other long-term assets Total 130 130 $1,061 $4.900 Total assets $1,656 $1,453 Total liabilities and equity $1,656 $1,453 Vallum's Medical Supply Corporation Income Statement for Years Ending December 31, 2018 and 2017 (in thousands of dollars) 2018 2017 S888 $798 387 350 S501 $448 48 42 S453 S406 37 35 S416 $371 Net sales Less: Cost of goods sold Gross profits Less: Other operating expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA) Less: Depreciation and amortization Earnings before interest and taxes (EBIT) Less: Interest Earnings before taxes (EBT) Less: Taxes Net income Less: Preferred stock dividends Net income available to common stockholders Less: Common stock dividends Addition to retained carnings Per (common) share data: Earnings per share (EPS) Dividends per share (DPS) Book value per share (BVPS) Market value (price) per share (MVPS) 46 40 $370 $331 129 112 $241 S219 S6 S6 $235 $213 75 75 $160 S138 #$2.35 $2.13 $0.75 $0.75 S7.37 $5.77 $8.40 $6.25 D