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) $ 2,105 Net Sales Cost of Goods Sold $ 1,150 $ 80 Depreciation $ 875 Earnings before Interest & Taxes (EBIT) $ 90 Interest Paid $ 785 Income Before Tax $ 350 Income Tax $ 435 Net Income $ 359 Addition to Retained Earnings $ 76 Dividends Balance Sheet as of December 31, 2019 & 2020 ($ Millions) 2019 2020 2019 2020 Assets Current Assets Cash $ 130 $ 190 Liabilities & Owners' Equity Current Liabilties $ Accounts payable 300 Notes payable $ 236 Total 536 $ 345 Accounts Receivable $ 500 $ 756 $ 131 $ 590 $ 700 $ $ 476 Inventory Total $1,220 $ 1.646 $ 408 $ 500 Long-term Debt Owners' Equity $ 600 Fixed Assets Net Plant & Equipment $1,644 $ 1,709 Common Shares Retained Earnings I Total O.E. Total Liab & O.E. $ 1,320 $ 1.920 $ 2.864 $ 700 $ 1,679 $ 2,379 $ 3,355 Total Assets $ 2,864 $ 3,355 What was the Net Cash Flow to the Shareholders in 2020? What was the Net Cash Flow to the Shareholders in 2020? Multiple Choice - $32.50 - $56.30 - $24.40 - $9.40