Use the balance sheet and income statement below: 2021 2021 2021 2020 $ 78 190 324 $ 592 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 VALIUM'S MEDICAL SUPPLY CORPORATION Balance Sheet as of December 31, 2021 and 2020 (in thousands of dollars) 2020 Liabilities and Equity Current liabilities: $ 77 Accrued wages and taxes 187 Accounts payable 297 Notes payable $ 561 Total Long-term debt $ 894 Stockholders' equity: 119 Preferred stock (6 thousand shares) $ 775 Common stock and paid-in surplus (100 thousand shares) 146 Retained earnings $ 921 Total $1,482 Total liabilities and equity $ 58 153 137 $ 348 $ 601 $ 47 147 137 $ 331 $ 568 $ $1,091 158 $ 933 146 $1,079 $1,671 $ 6 120 596 $ 722 $1,671 6 120 457 583 $ $1,482 VALIUM'S MEDICAL SUPPLY CORPORATION Income Statement for Years Ending December 31, 2021 and 2020 (in thousands of dollars) 2021 2020 Net sales $ 904 $ 814 Less: Cost of goods sold 395 358 Gross profits $ 509 $ 456 Less: Other operating expenses 53 47 Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 456 $ 409 Less: Accumulated depreciation 39 37 Earnings before interest and taxes (EBIT) $ $ 417 $ 372 Less: Interest 54 48 Earnings before taxes (EBT) $363 $ $ 324 Less: Taxes 76 68 Net income $ 287 $ 256 Less: Preferred stock dividends $ $ 6 Net income available to common stockholders $ 281 $ 250 Less: Common stock dividends 142 142 Addition to retained earnings $ 139 $ 108 Per (common) share data: Earnings per share (EPS) $2.81 $2.50 Dividends per share (DPS) $1.42 $1.42 Book value per share (BVPS) $7.16 $5.77 Market value (price) per share (MVPS) $8.19 $6.25 6 Prepare a statement of cash flows for Valium's Medical Supply Corporation. (Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.) Statement of Cash Flows for Year Ending December 31, 2021 (in thousands of dollars) Cash flows from operating activities Net income Additions (sources of cash): Depreciation Increase in accrued wages and taxes Increase in accounts payable Subtractions (uses of cash): Increase in accounts receivable Increase in inventory Net cash flow from operating activities Cash flows from investing activities Subtractions: Increase in fixed assets Increase in other long-term assets Net cash flow from investing activities Cash flows from financing activities Additions: Increase in notes payable Increase in long-term debt Increase in common and preferred stock Subtractions: Preferred stock dividends Common stock dividends Net cash flow from financing activities Net change in cash and marketable securities