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 2021 2020 Liabilities and Equity 2021 2020 Current assets: Current liabilities: Cash and marketable securities Accounts receivable $ 84 198 $ 83 193 Accrued wages and taxes $ 65 $ 53 Accounts payable 164 Inventory 326 303 Notes payable Fixed assets: Other long-term assets Total Total assets Total Gross plant and equipment Less: Accumulated depreciation Net plant and equipment" $1,109 170 $ 939 158 $1,097 $ 608 $579 Total Long-term debt $ 617 143 $372 153 143 $349 $ 580 $ 906 Stockholders' equity: 125 Preferred stock (6 thousand shares) $ 6 $ 6 $ 781 158 Common stock and paid-in surplus (100 thousand shares) Retained earnings 120 120 590 463 $ 939 Total $ 716 $589 $1,705 $1,518 Total liabilities and equity $1,705 $1,518 CLANCY'S DOG BISCUIT CORPORATION Income Statement for Years Ending December 31, 2021 and 2020 (in millions of dollars) Net sales Less: Cost of goods sold Gross profits Less: Other operating expenses amortization (EBITDA). Earnings before interest, taxes, depreciation, and Less: Accumulated depreciation (2018) Earnings before interest and taxes (EBIT) Less: Interest Less: Taxes Earnings before taxes (EBT) Net income Less: Preferred stock dividends Net income available to common stockholders. Less: Common stock dividends Addition to retained earnings Per (common) share data: Earnings per share (EPS) Dividends per share (DPS) 2021 $ 916 2020 $826 401 364 $515 $462 59 53 $ 456 $ 409 45 43 $411 $ 366 60 54 $351 $312 143 123 $208 $ 189 $ 6 $ 6 $202 $ 183 75 75 $127 $108 $2.02 $1.83 $0.75 $8.75 CLANCY'S DOG BISCUIT CORPORATION Income Statement for Years Ending December 31, 2021 and 2020 (in millions of dollars) Net sales Less: Cost of goods sold 2021 $ 916 401 2020 $ 826 364 Gross profits $ 515 $ 462 Less: Other operating expenses 59 53 amortization (EBITDA) Earnings before interest, taxes, depreciation, and Less: Accumulated depreciation (2018) $ 456 $ 409 45 43 Earnings before interest and taxes (EBIT) $ 411 $ 366 Less: Interest 60 54 Earnings before taxes (EBT) $ 351 $ 312 Less: Taxes 143 123 Net income $ 208 $ 189 Less: Preferred stock dividends $ 6 $ 6 Net income available to common stockholders $ 202 $ 183 Less: Common stock dividends 75 75 Addition to retained earnings $ 127 $ 108 Per (common) share data: Earnings per share (EPS) $2.02 $1.83 Dividends per share (DPS) $0.75 $0.75 Book value per share (BVPS) $7.10 $5.83 Market value (price) per share (MVPS) $8.13 $6.31 - 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: Net cash flow from investing activities Cash flows from financing activities Additions Subtractions Net cash flow from financing activities Net change in cash and marketable securities