Use the balance sheet and income statement below:

CLANCY$$S DOG BISCUIT CORPORATION

Balance Sheet as of December $31,2021$ and $2020$

$($in millions of dollars$)$

Assets $20212020$ Liabilities and Equity $20212020$

Current assets: Current liabilities:

Cash and marketable securities $ $90$ $ $89$ Accrued wages and taxes $ $66$ $ $59$

Accounts receivable $208199$ Accounts payable $168159$

Inventory $330309$ Notes payable $149149$

Total $ $628$ $ $597$ Total $ $383$ $ $367$

Fixed assets: Long$-$term debt $ $656$ $ $592$

Gross plant and equipment $ $1,127$ $ $918$ Stockholders$$ equity:

Less: Accumulated depreciation $182131$ Preferred stock $(6$ thousand shares$)$ $ $6$ $ $6$

Net plant and equipment $ $945$ $ $787$ Common stock and paid$-$in surplus $(100$ thousand shares$)120120$

Other long$-$term assets $170170$ Retained earnings $578469$

Total $ $1,115$ $ $957$ Total $ $704$ $ $595$

Total assets $ $1,743$ $ $1,554$ Total liabilities and equity $ $1,743$ $ $1,554$

CLANCY$$S DOG BISCUIT CORPORATION

Income Statement for Years Ending December $31,2021$ and $2020$

$($in millions of dollars$)$

$20212020$

Net sales $ $928$ $ $838$

Less: Cost of goods sold $407370$

Gross profits $ $521$ $ $468$

Less: Other operating expenses $6559$

Earnings before interest, taxes, depreciation, and amortization $($EBITDA$)$ $ $456$ $ $409$

Less: Accumulated depreciation $(2018)5149$

Earnings before interest and taxes $($EBIT$)$ $ $405$ $ $360$

Less: Interest $6660$

Earnings before taxes $($EBT$)$ $ $339$ $ $300$

Less: Taxes $149129$

Net income $ $190$ $ $171$

Less: Preferred stock dividends $ $6$ $ $6$

Net income available to common stockholders $ $184$ $ $165$

Less: Common stock dividends $7575$

Addition to retained earnings $ $109$ $ $90$

Per $($common$)$ share data:

Earnings per share $($EPS$)$ $ $1\mathrm{.}84$ $ $1\mathrm{.}65$

Dividends per share $($DPS$)$ $ $0\mathrm{.}75$ $ $0\mathrm{.}75$

Book value per share $($BVPS$)$ $ $6\mathrm{.}98$ $ $5\mathrm{.}89$

Market value $($price$)$ per share $($MVPS$)$ $ $8\mathrm{.}01$ $ $6\mathrm{.}37$

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.$)$