Use the balance sheet and income statement below:

CLANCY'S DOG BISCUIT CORPORATION

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

$($in miltions of dotlars$)$

Net sales

Less: Cost of goods sold

Gross profits

Less: $0$ther operating expenses

Earnings before interest, taxes, depreciation,

and anortization $($EBITDA$)$

Less: Accumulated depreciation $(2018)$

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

Less: Interest

Earnings before taxes $($EBT$)$

Less: Taxes

References

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.$)$