Use the balance sheet and income statement below: 2018 2017 195 $ 48 150 130 $ 328 $ 574 VALIUM'S MEDICAL SUPPLY CORPORATION Balance Sheet as of December 31, 2018 and 2017 in thousands of dollars) 2018 2017 Liabilities and Equity Current liabilities: $ 71 70 Accrued wages and taxes Accounts payable 320 290 Notes payable $ 586 5 540 Total Long-term debt $1,070 880 Stockholders' equity: 144 112 Preferred stock (6 thousand whares) $ 926 5 768 Common stock and paid-in surplus (100 thousand shares) 132 132 Retained earnings $1,056 $ 900 Total $1,644 $1,440 Total liabilities and equity 40 140 130 310 $ 554 Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Pixed assets! Gross plant and equipment Les Accumulated depreciation Net plant and equipment Other long-term assets Total Total assets $ 6 6 120 $ 742 $1.644 576 $1,440 VALIUM'S MEDICAL SUPPLY CORPORATION Income statement for Years Ending December 31, 2018 and 2017 in thousands of dollars) 2018 2017 Net sales $ 890 800 LOS Cost of goods sold Cross profits $ 502 S449 Lousi Other operating expenses Earnings before interest, taxes, depreciation and amortization (ISITDA) $456 409 Less Accumulated depreciation Earnings before interest and taxes (BIT) $ 424 Less Interest Earnings before taxes (OT) $ 242 S 228 Net Income 2018 2018 2017 $ $ $ 40 71 195 320 586 140 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 $ (in thousands of dollars) 2017 Liabilities and Equity Current liabilities: $ 70 Accrued wages and taxes 180 Accounts payable 290 Notes payable 540 Total Long-term debt S SRO Stockholdersequity: 112 Preferred stock (6 thousand shares) 5 768 Common stock and paid-in surplus (100 thousand shares) 132 Retained earnings $ 900 Total $1.440 Total liabilities and equity 40 150 130 328 574 $ $ $ $ 130 310 554 $ $ 6 120 6 120 $1,070 144 $ 926 132 31.038 $1.644 5 742 $1,644 576 $1,440 32 VALIUM'S MEDICAL SUPPLY CORPORATION Income Statement for Years Ending December 31, 2018 and 2017 in thousands of dollars) 2018 2017 Net sales $ 890 5 800 Lost Cost of goods sold 388 351 Gross profits $ 502 $ 449 Less: Other operating expenses 40 Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 456 $409 Less: Accumulated depreciation 30 Earnings before interest and taxes (EBIT) $ 424 $ 379 Less: Interest 41 Earnings before taxes (EBT) $ 377 $ 338 LOSS: Taxes 110 Net Income $ 228 Less: Preferred stock dividends Net income available to common stockholders $ 241 $ 222 Less Common stock dividends 75 Addition to retained earnings $ 166 $ 147 Per common) share data Earnings per Share (UPS) $2.41 $2.22 Dividends per share (DPS) S0.75 $0.75 Book value per share (VPS) $7.36 $5.70 Market value (price) per share (MVPS) $8.39 $6.18 130 Statement of Cash Flows for Year Ending December 31, 2018 (in thousands of dollars) Cash flows from operating activities Additions (sources of cash): 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