Show me the steps to solve ACME Corp. Part b$.$ Enter formulas to complete the statement of shareholders' equity and

statement of cash flow.

Statement of Shareholders' Equity

Balance as of December $31$ of previous

year

Net Income

Dividends on Common Stock

Issuance of Common Stock

Common Stock Repurchases

Balance as of December $31$

Statement of Cash Flows

Operating Activities

Net Income

Depreciation & Amortization

Change in Inventory

Change in Accounts Receivable

Change in Accounts Payable

Change in Accruals

$69$ Net cash from operating activities

Investing Activities

Investment in PPE

Net cash from investing activities

Financing Activities

Change in short$-$term debt

Change in long$-$term debt

Change in common stock

Common dividends

Net cash from financing activities

Net cash flow

Starting cash

Ending cash Part c$.$ Free Cash Flow

Cash Flow Identity

$91$ Operating profit

Taxes

NOPAT

Depreciation

Operating Cash Flow $($OCF$)$

$97$ Investment in NOWC

$98$ CAPEX $($Net Capital Spending$)$

$99$ Total Investment

$100$

$101$ Free Cash Flow

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Part a$,$ Enter formulas to complete the balance sheet and income statement.

Income Statement$($Milllons$)$

Sales

Costs of Goods Sold

Sales, General and Administrative

Depreciation

Interest expense

Taxes $(40\%)$

Net Income

Dividends

Additions to Retained Eamings

Balance Sheet$($Millions$)$

Assets

Cash

Inventory

Accounts receivable

$31$ Total current assets

$32$ Gross PPE

Accumulated depreciation

Labllities

Accounts payable

Accrued expenses

Short$-$term debt

$40$

$1$ Long$-$term debt

Total current liabilities

$42$

$43$ Common stock

$44$ Retained eamings

Total liabilities

$45$

$46$

$47$