Table 5-2 Carter Chemical Company: Balance Sheet as of December 31 (Millions of Dollars) Assets 2012 2011 Liabilities and Equity 2012 2011 Cash 50 55 Accounts Payable 60 30 Marketable Securities 0 25 Notes Payable 100 60 Accounts Receivable 350 315 Accrued Wages 10 10 Inventories 300 215 Accrued Income Taxes 130 120 Total Current Assets 700 610 Total Current Liabilities 300 220 Gross Fixed Assets 1,800 1,470 First Mortgage Bonds 500 520 Gross Accumulated Depreciation 500 400 Debentures 300 60 Net Fixed Assets 1,300 1,070 Total Long-Term Debt 800 580 Stockholders Equity Common Stock (50,000,000 shares, $1 par) 50 50 Paid-In Capital 100 100 Retained Earnings 750 730 Total Stockholders' Equity (Common Net Worth) 900 880 Total Assets 2,000 1,680 Total Liabilities and Equity 2,000 1,680 Table 5-1 2012 2011 Carter Chemical Company Income Statement for Year Ending December 31 (Millions of Dollars, Except per-Share Date) Net Sales 3000 2850 Less: Cost of goods sold 2544 2413 Gross profit 456 437 Less: Other operating expenses Depreciationi 100 90 Selling 22 20 General and administrative 40 35 Lease payments on buildings 28 28 Earnings before interest and axes (EBIT) 266 264 Less: Interest expense Interest on notes payable 8 2 Interest on first mortgage bonds 40 42 Interest on debentures 18 3 Earnings before taxes (EBT) 200 217 Less: Federal and state taxes (40%) 80 87 Net income available ot common stockholders 120 130

The total Sources of cash for Carter is:

A. 120

B. 555

C. 565

D. 570