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 $ 120 180.0 1800 $3720 3000 $6720 $ 100 150.0 200.0 $360,0 2500 $6100 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Notes payable Accra Total current kablides Long-term bonds Total debe Common stock (50 million shares) Retained earnings Common equity Total liabilities and equity $108.0 67.0 720 $2470 150.0 $397,0 50.0 225.0 $2750 $6720 $ 900 515 600 S2015 1500 $351.5 500 208.5 52585 $6100 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 $ 125,0 202 $ 1048 419 $ 62.9 Common dividends $ 60.5 $ 46.4