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solve this Class Activity # 3 Based on the given information prepare cash flow statement Income Statement table [ [ , $ Million, %

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Class Activity #3
Based on the given information prepare cash flow statement
Income Statement
\table[[,$ Million,% of Sales],[Net sales,$83,176,100.0],[Other income,337,0.4],[Cost of goods sold,54,222,65.2],[Selling, general, and administrative expenses,16,699,20.1],[Depreciation,1,786,2.1],[Earnings before interest and income taxes (EBIT),\bar ($10,806),\bar (13.0)],[Interest expense,830,1.0],[Taxable income,\bar ($9,976),\bar (12.0)],[Taxes,3,631,4.4],[Net income,$ 6,345,7.6],[Allocation of net income],[Dividends,$2,530,3.0],[Addition to retained earnings,$3,815,4.6]]
Balance Sheet
\table[[Assets,End of Fiscal,Liabilities and Shareholders' Equity,End of Fiscal],[2014,2013,2014,2013],[Current assets,,,Current liabilities,,],[Cash and marketable securities,1,723,1,929,Debt due for repayment,328,33-23],[Receivables,1,484,1,398,Accounts payable,9,473,9,379],[Inventories,11,079,11,057,Other current liabilities,1,468,1,337,],[Other current assets,1,016,,895,Total current liabilities,11,269,\bar (10,749)],[Total current assets,\bar (15,302),\bar (15,279),,,],[Fixed assets,,,Long-term debt,16,869,14,691],[Tangible fixed assets,,,Deferred income taxes,642,514],[Property, plant, and equipment,40,353,39,064,Other long-term liabilities,1,844,2,042],[Less accumulated depreciation,17,633,15,716,,,],[Net tangible fixed assets,22,720,23,348,Total liabilities,30,624,27,996],[Intangible asset (goodwill),1,353,1,289,Shareholders' equity,,],[Other assets,571,602,Common stock and other paid-in capital,8,521,8,536],[,,Retained earnings,26,995,23,180],[Total assets,39,946,40,518,Treasury stock,(26,194),(19,194],[,,Total shareholders' equity,9,322,12,522],[,,Total liabilities and shareholders' equity,39,946,40,518]]
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