Understanding cash flow is a critical concept that you must get comfortable with. Please use the following F/S in answering the next few questions. Panda Corp 2020 Income Statement ($ Millions) Net Sales $ 2,105 Cost of Goods Sold $ 1,150 Depreciation $ 80 Earnings before interest & Taxes (EBIT) $ 875 Interest Paid $ 90 Income Before Tax $ 785 Income Tax $ 350 Net Income $ 435 Addition to Retained Earnings $ 359 Dividends $ 76 Panda Corp Balance Sheet as of December 31, 2019 & 2020 ($ Millions) 2019 2020 2019 2020 Assets Current Assets Cash $ 190 Liabilities & Owners' Equity Current Liabilties $ Accounts payable 300 Notes payable $ 236 $ Total $ 536 $ 345 131 $ 130 $ 500 $ 590 $1,220 Accounts Receivable Inventory $ 756 $ 700 $1,646 476 Total $ 408 $ 500 Long-term Debt Owners' Equity Common Shares Retained Earnings Total O.E. 600 $ 700 Fixed Assets Net Plant & Equipment $1,644 $ 1,709 $ 1,320 $ 1,920 $ 2,864 $ 1,679 $ 2,379 $ 3,355 Total Assets $ 2,864 $ 3,355 Total Liab & O.E. What was the Net Cash Flow to the Debtholders in 2020? What was the Net Cash Flow to the Debtholders in 2020? Multiple Choice $53.00 - $95.00 -$2.00 - $35.00