Use the following information to prepare a Statement of Cash Flows for Diamond Clothes, Inc. Diamond Clothes, Inc. Income Statement (dollars in millions) $3,638 2469 1169 848 Sales Cost of Goods Sold Gross Margin Selling and Administrative Expenses Depreciation Expense Net Operating Income Gain on Sales of Store Income taxes Net Income 93 228 3 91 $140 Balance Sheet Beg. Bal. $29 654 537 1,220 1,394 561 833 2,053 Assets Ending Bal. Current Assets: Cash and Cash Equivalents $91 Accounts Receivable 637 Inventory 586 Total Current Assets 1,314 Property, plant, & equipment 1,517 less: accum depreciation 654 Net Property, plant, & equipment 863 Total Assets 2,177 Liabilities and Stockholder's Equity Current Liabilities: Accounts Payable $264 Other expenses payable 193 Income taxes payable 75 Total Current Liabilities 532 Bonds payable 479 Total Liabilities 1,011 Stockholder's equity: Common Stock 157 Retained Earnings 1,009 Total Stockholder's equity 1,166 Total Liabilities and Stockholder's Equity $2,177 $220 190 71 481 520 1,001 155 897 1,052 $2,053 Additional Information: 1. The company sold a store that had an original cost of $15 million and accumulated depreciation of $10 million for $8 million cash. The gain on the sale was $3 million. 2. The company did not issue any new bonds during the year. 3. The company did not repurchase any of its own stock during the year. 4. The company paid a cash dividend during the year