Required: a. Calculate the change that occurred in cash during the month. You may assume that the change in each balance-sheet amount is due to a single event (for example, the change in the amount of production equipment is not the result of both a purchase and sale of equipment). Because the retained earnings section of the balance sheet is, in and of itself, an analysis of the change in the retained earnings account for the month, the row for net income and dividends should be entered as the February amount and not the change. Use the space to the right of the January 31 data to enter the difference between the February 28 and January 31 amounts of each balance sheet item. b. Prepare a statement of cash flows that explains above changes? MILLCO INCORPORATED Statement of Cash Flows For the Month Ended February 28, 2023 \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Balance Sheets } \\ \hline \multicolumn{5}{|c|}{ January 31 and February 28, 2023} \\ \hline & & February 28 & January 31 & Change \\ \hline \multicolumn{5}{|l|}{ Assets: } \\ \hline Cash & & $126,000 & $111,000 & \\ \hline Accounts receivable & & 192,000 & 159,000 & \\ \hline Merchandise inventory & & 243,000 & 282,000 & \\ \hline Total current assets & & 561,000 & 552,000 & \\ \hline \multicolumn{5}{|l|}{ Plant and Equipment: } \\ \hline Production equipment & +2 & 498,000 & 456,000 & \\ \hline Less: Accumulated depreciation & & (72;000) & (63,000)} & \\ \hline Total assets & & 987,000 & 945,000 & \\ \hline \multicolumn{5}{|l|}{ Liabilities: } \\ \hline Accounts payable & & 111,000 & 123,000 & \\ \hline Short-term debt & & 132,000 & 132,000 & \\ \hline Other accrued liabilities & & 63,000 & 72,000 & \\ \hline Total current liabilities & & 306,000 & 327,000 & \\ \hline Long-term debt & + & 99,000 & 138,000 & \\ \hline Total liabilities & & 405,000 & $465,000 & \\ \hline Stockholders' Equity: & & +2 & x & \\ \hline Common stock & . & 312,000 & 288,000 & \\ \hline \multicolumn{5}{|l|}{ Retained eamings: } \\ \hline Beginning balance & & 192,000 & 129,000 & \\ \hline Not income for month & & 108,000 & 87,000 & \\ \hline Dividends & & (30,000) & (24,000)}2 & \\ \hline Ending balance & & $270,000 & 192,000 & \\ \hline Total stockholders' equity & & 582,000 & 480,000 & \\ \hline Total liabilities and stockholders' equity & & 987,000 & 945,000 & \\ \hline \end{tabular}