Refer to the following financial statements of Powell Panther Corp and prepare a statement of cash flow to explain why the company's "Cash and equivalents" increased by $ 2 million in Year 2011.

Powell Panther Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2011 2010 $ 12.0 180.0 180.0 $372.0 300.0 $672.0 $ 10.0 150.0 200.0 $360.0 250.0 $610.0 $ 90.0 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total debt Common stock (50 million shares) Retained earnings Common equity Total liabilities and equity 51.5 $108.0 67.0 72.0 $247.0 150.0 $397.0 50.0 225.0 $275.0 $6720 60.0 $201.5 150.0 $351.5 50.0 208.5 $2585 $610.0 Powell Panther Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2011 2010 Sales Operating costs excluding depreciation and amortization EBITDA Depreciation & amortization Earnings before interest and taxes Interest Earnings before taxes Taxes (40%) Net income $1,200.0 1,020.0 $ 180.0 30.0 $ 150.0 21.7 $ 128.3 51.3 $ 77.0 $1,000,0 850.0 $ 150,0 25.0 $ 125.0 20.2 $ 1048 41.9 $ 29 Common dividends $ 60.5 $ 46.4