Use the balance sheet and income statement below:

CLANCY$$S DOG BISCUIT CORPORATION

Balance Sheet as of December $31,2024$ and $2023$

$($in millions of dollars$)$

Assets $20242023$ Liabilities and Equity $20242023$

Current assets: Current liabilities:

Cash and marketable securities $ $5$ $ $5$ Accrued wages and taxes $ $10$ $ $6$

Accounts receivable $2019$ Accounts payable $1615$

Inventory $3629$ Notes payable $1413$

Total $ $61$ $ $53$ Total $ $40$ $ $34$

Fixed assets: Long$-$term debt: $ $57$ $ $53$

Gross plant and equipment $ $106$ $ $88$ Stockholders$$ equity:

Less: Accumulated depreciation $1511$ Preferred stock $(2$ million shares$)$ $ $2$ $ $2$

Net plant and equipment $ $91$ $ $77$ Common stock and paid$-$in$-$surplus $(5$ million shares$)1111$

Other long$-$term assets $1515$ Retained earnings $5745$

Total $ $106$ $ $92$ Total $ $70$ $ $58$

Total assets $ $167$ $ $145$ Total liabilities and equity $ $167$ $ $145$

CLANCY$$S DOG BISCUIT CORPORATION

Income Statement for Years Ending December $31,2024$ and $2023$

$($in millions of dollars$)$

$20242023$

Net sales $ $76$ $ $80$

Less: Cost of goods sold $3835$

Gross profits $ $38$ $ $45$

Less: Other operating expenses $65$

Earnings before interest, taxes, depreciation, and amortization $($EBITDA$)$ $ $32$ $ $40$

Less: Depreciation $44$

Earnings before interest and taxes $($EBIT$)$ $ $28$ $ $36$

Less: Interest $55$

Earnings before taxes $($EBT$)$ $ $23$ $ $31$

Less: Taxes $57$

Net income $ $18$ $ $24$

Less: Preferred stock dividends $ $1$ $ $1$

Net income available to common stockholders $ $17$ $ $23$

Less: Common stock dividends $55$

Addition to retained earnings $ $12$ $ $18$

Per $($common$)$ share data:

Earnings per share $($EPS$)$ $ $3\mathrm{.}40$ $ $4\mathrm{.}20$

Dividends per share $($DPS$)$ $ $1\mathrm{.}00$ $ $1\mathrm{.}00$

Book value per share $($BVPS$)$ $ $13\mathrm{.}60$ $ $11\mathrm{.}20$

Market value $($price$)$ per share $($MVPS$)$ $ $14\mathrm{.}25$ $ $14\mathrm{.}60$

Prepare a statement of cash flows for Clancy$$s Dog Biscuit Corporation.

Note: Enter your answers in millions of dollars. Amounts to be deducted should be indicated with a minus sign. Leave no cells blank $$ be certain to enter $"0"$ wherever required.