Use the balance sheet and income statement below 2021 2020 CLANCY'S DOG BISCUIT CORPORATION Balance Sheets of December 3, 2021 and 2020 (in sillions of dollars) 2021 2020 Liabilities and Equity Current liabilities: 57 $7 Accrued wages and taxes 38 29 Accounts payable 39 34 Notes payable $ 54 $ 70 Total Long-term debt $100 $50 Stockholders' equity 29 24 Preferred stock (2 million shares) $ $164 Common stock and paldin surplus 5 illion shares) 27 27 Retained earnings $100 $191 Total 5190 $161 Total liabilities and equity 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 511 26 23 $ 60 $41 56 24 22 $ 52 5.42 52 11 26 319 $198 52 11 54 3.67 5161 52 60 tA $ $ 5 5 CLANCY'S DOG BISCUIT CORPORATION Income Statement for Years Ending December 31, 2021 and 2020 (in millions of dollars) 2021 2020 Net sales $ 196 $ 110 Less: Cost of goods sold 54 50 Gross profits $ $ Less: Other operating expenses 7 6 Earnings before interest, taxes depreciation, and amortization (EBITDA) 45 $ 54 Less: Accumulated depreciation 5 Earnings before interest and taxes (EBIT) 40 54 Less: Interest 5 Earnings before taxes (EBT) $ 35 44 Less: Taxes 9 Net income $ 28 35 Less: Preferred stock dividends $ $ 1 Net income available to common stockholders $ 27 $ 34 Less: Common stock dividends 5 5 Addition to retained earnings $ 22 $ 29 Per (common) share data: Earnings per share (EPS) $ 5.40 $ 6.80 Dividends per share (DPS) $ 1.00 $ 1.00 Book value per share (BVPS) $17.40 $13.00 Market value (price) per share (MVPS) $18.05 $16.40 $ 7 ta Culou un 1 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.) Statement of Cash Flows for Year Ending December 31, 2021 (in millions 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 Nutcash flow from investing activities Cash flows from financing activities Additions Subtractions Net cash flow from financing activities Not change in cash and marketable securities