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Use the balance sheet and income statement below: CLANCY S DOG BISCUIT CORPORATION Balance Sheet as of December 3 1 , 2 0 2 4

Use the balance sheet and income statement below:
CLANCYS 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 $ 3 $ 3 Accrued wages and taxes $ 16 $ 14
Accounts receivable 2725 Accounts payable 2422
Inventory 3730 Notes payable 2620
Total $ 67 $ 58 Total $ 66 $ 56
Fixed assets: Long-term debt $ 23 $ 22Use the balance sheet and income statement below:
Prepare a statement of cash flows for Clancy's Dog Biscuit Corporation.
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