Statement of Cash Flows for Year Ending December 31, 2021 (in millions of dollars) Cash flows from operating activities Net income 11 Additions (sources of cash): Depreciation Increase in accounts receivable 6 Subtractions (uses of cash): + Net cash flow from operating activities Cash flows from investing activities Subtractions: Net cash flow from investing activities Cash flows from financing activities Additions: Subtractions: Net cash flow from financing activities Net change in cash and marketable securities 2021 2020 CLANCY'S DOG BISCUIT CORPORATION Balance Sheet as of December 31, 2021 and 2820 (in millions of dollars) 2021 2020 Liabilities and Equity Current liabilities: $ 5 $ 5 Accrued wages and taxes 22 18 Accounts payable 28 23 Notes payable $ 55 $ 46 Total Long-term debt $ 82 $ 66 Stockholders' equity: 21 13 Preferred stock (2 million shares) $ 61 $ 53 Common stock and paid in-surplus (5 million shares) 16 16 Retained earnings $ 77 $ 69 Total $132 $115 Total liabilities and equity $ 8 17 18 $ 43 $ 28 Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets Gross plant and equipment Less: Accumulated depreciation Net plant and equipment Other long-term assets Total Total assets $ 7 15 13 $ 35 $ 24 $ 2 11 48 $ 61 $132 $ 2 11 43 $ 56 $115 2020 CLANCY'S DOG BISCUIT CORPORATION Income Statement for Years Ending December 31, 2021 and 2020 (in millions of dollars) 2021 Net Sales 5 84 $ 88 Less: Cost of goods sold 43 39 Gross profits $ 41 5 49 Less. Other operating expenses 10 9 Earnings before interest, taxes depreciation, and amortization (EBITDA) $ 31 $ 40 LOSS: Accumulated depreciation 8 8 Earnings before interest and taxes (EBIT) s 23 $ 40 Less Interest 9 9 Earnings before taxes (EBT) $ 14 $ 23 Less Taxes 3 5 Net income $ 11 $ 18 Lesst Preferred stock dividends $ 1 1 Net income available to common stockholders $ 10 $ 17 Less: Common stock dividends 5 5 Addition to retained earnings $ 5 $ 12 Per common) share data Earnings per share (EPS) $ 2.00 $ 3.40 Dividends per share (DPS) $ 1.00 $21.88 Book value per share (BVPS) $11:80 $10.00 Market value (price) per share (MVPS) $12.45 $14.20 | Prepare a statement of cash flows for Clancy's Dog Biscuit Corporation (Enter your answers in millions of dollars. Amounts to be deducted should be indicated with a minus sign.)