Section A. Cash flows from operating activities Net Income Additions (sources of cash): $ 153 Subtractions (uses of cash) Net cash flow from operating activities XYZ Media, Inc. Balance Sheet as of Dec 31 (in millions of dollars) XYZ Media, Inc. Income Statement for the Years Ending Dec 31 (in millions of dollars) ASSETS 2020 2019 2020 2019 $ Assets Current Assets: Cash and marketable securities Accounts Receivable Inventory Total Current Assets $ $ $ $ 40$ 185 $ 225 $ 450S 110 150 200 460 Net Sales Less: Cost of Goods Sold Gross Profits Less: Other operating expenses EBITDA Less: Depreciation EBIT Less: Interest EBT Less: Taxes NET INCOME Less: Preferred Stock Dividends Net Income Available to C/S Less: Common Stock Dividends Addition to Retained Earnings 900 $ 297 $ 603 $ 215 $ 388 $ 705 318 $ 63 $ 650 227 423 188 235 60 175 70 105 42 63 $ $ $ $ $ Fixed Assets: Gross Plant & Equipment Less: Depreciation Net plant and equipment 255 $ $ $ $ 1,300 $ 130$ 1,170 $ 1,200 60 1,140 $ 102$ 153 $ $ 153 $ 80 $ 63 Other long-term assets Total Fixed Assets Total Assets $ $ 500 $ 1,670 $ 2,120$ 500 1,640 2,100 735 63 LIABILITIES 40% Tax Rate: Shares Outstanding (in millions) Year end stock price 100 13.73 80$ 104 $ 100 $ 284 $ 50 87 100 237 Liabilities and Equity Current liabilities: Accrued wages and taxes $ Accounts payable $ Notes Payable $ Total Current Liabilities $ Long Term Debt $ Stockholders' equity Preferred stock (30 million shares) $ Common stock and paid-in surplus S Retained Earnings $ Total Equity 5 Total Liabilities and Equity $ 700 $ 800 | $ 1,000 $ 136 $ 1,1365 2,120 $ 1,000 63 1,063 2,100