VALIUMS MEDICAL SUPPLY CORPORATION Balance Sheet as of December 31, 2018 and 2017 (in thousands of dollars) Assets 2018 2017 Liabilities and Equity 2018 2017 Current assets: Current liabilities: Cash and marketable securities $ 90 $ 89 Accrued wages and taxes $ 66 $ 59 Accounts receivable 208 199 Accounts payable 168 159 Inventory 330 309 Notes payable 149 149 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 182 131 Preferred stock (6 thousand shares) $ 6 $ 6 Net plant and equipment $ 945 $ 787 Common stock and paid-in surplus (100 thousand shares) 120 120 Other long-term assets 170 170 Retained earnings 578 469 Total $ 1,115 $ 957 Total $ 704 $ 595 Total assets $ 1,743 $ 1,554 Total liabilities and equity $ 1,743 $ 1,554 VALIUMS MEDICAL SUPPLY CORPORATION Income Statement for Years Ending December 31, 2018 and 2017 (in thousands of dollars) 2018 2017 Net sales $ 928 $ 838 Less: Cost of goods sold 407 370 Gross profits $ 521 $ 468 Less: Other operating expenses 65 59 Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 456 $ 409 Less: Accumulated depreciation 51 49 Earnings before interest and taxes (EBIT) $ 405 $ 360 Less: Interest 66 60 Earnings before taxes (EBT) $ 339 $ 300 Less: Taxes 149 129 Net income $ 190 $ 171 Less: Preferred stock dividends $ 6 $ 6 Net income available to common stockholders $ 184 $ 165 Less: Common stock dividends 75 75 Addition to retained earnings $ 109 $ 90 Per (common) share data: Earnings per share (EPS) $ 1.84 $ 1.65 Dividends per share (DPS) $ 0.75 $ 0.75 Book value per share (BVPS) $ 6.98 $ 5.89 Market value (price) per share (MVPS) $ 8.01 $ 6.37 Prepare a statement of cash flows for Valiums Medical Supply Corporation. (Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.) VALIUMS MEDICAL SUPPLY CORPORATION Balance Sheet as of December 31, 2018 and 2017 (in thousands of dollars) Assets 2018 2017 Liabilities and Equity 2018 2017 Current assets: Current liabilities: Cash and marketable securities $ 90 $ 89 Accrued wages and taxes $ 66 $ 59 Accounts receivable 208 199 Accounts payable 168 159 Inventory 330 309 Notes payable 149 149 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 182 131 Preferred stock (6 thousand shares) $ 6 $ 6 Net plant and equipment $ 945 $ 787 Common stock and paid-in surplus (100 thousand shares) 120 120 Other long-term assets 170 170 Retained earnings 578 469 Total $ 1,115 $ 957 Total $ 704 $ 595 Total assets $ 1,743 $ 1,554 Total liabilities and equity $ 1,743 $ 1,554 VALIUMS MEDICAL SUPPLY CORPORATION Income Statement for Years Ending December 31, 2018 and 2017 (in thousands of dollars) 2018 2017 Net sales $ 928 $ 838 Less: Cost of goods sold 407 370 Gross profits $ 521 $ 468 Less: Other operating expenses 65 59 Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 456 $ 409 Less: Accumulated depreciation 51 49 Earnings before interest and taxes (EBIT) $ 405 $ 360 Less: Interest 66 60 Earnings before taxes (EBT) $ 339 $ 300 Less: Taxes 149 129 Net income $ 190 $ 171 Less: Preferred stock dividends $ 6 $ 6 Net income available to common stockholders $ 184 $ 165 Less: Common stock dividends 75 75 Addition to retained earnings $ 109 $ 90 Per (common) share data: Earnings per share (EPS) $ 1.84 $ 1.65 Dividends per share (DPS) $ 0.75 $ 0.75 Book value per share (BVPS) $ 6.98 $ 5.89 Market value (price) per share (MVPS) $ 8.01 $ 6.37 Prepare a statement of cash flows for Valiums Medical Supply Corporation. (Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.) VALIUMS MEDICAL SUPPLY CORPORATION Balance Sheet as of December 31, 2018 and 2017 (in thousands of dollars) Assets 2018 2017 Liabilities and Equity 2018 2017 Current assets: Current liabilities: Cash and marketable securities $ 90 $ 89 Accrued wages and taxes $ 66 $ 59 Accounts receivable 208 199 Accounts payable 168 159 Inventory 330 309 Notes payable 149 149 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 182 131 Preferred stock (6 thousand shares) $ 6 $ 6 Net plant and equipment $ 945 $ 787 Common stock and paid-in surplus (100 thousand shares) 120 120 Other long-term assets 170 170 Retained earnings 578 469 Total $ 1,115 $ 957 Total $ 704 $ 595 Total assets $ 1,743 $ 1,554 Total liabilities and equity $ 1,743 $ 1,554 VALIUMS MEDICAL SUPPLY CORPORATION Income Statement for Years Ending December 31, 2018 and 2017 (in thousands of dollars) 2018 2017 Net sales $ 928 $ 838 Less: Cost of goods sold 407 370 Gross profits $ 521 $ 468 Less: Other operating expenses 65 59 Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 456 $ 409 Less: Accumulated depreciation 51 49 Earnings before interest and taxes (EBIT) $ 405 $ 360 Less: Interest 66 60 Earnings before taxes (EBT) $ 339 $ 300 Less: Taxes 149 129 Net income $ 190 $ 171 Less: Preferred stock dividends $ 6 $ 6 Net income available to common stockholders $ 184 $ 165 Less: Common stock dividends 75 75 Addition to retained earnings $ 109 $ 90 Per (common) share data: Earnings per share (EPS) $ 1.84 $ 1.65 Dividends per share (DPS) $ 0.75 $ 0.75 Book value per share (BVPS) $ 6.98 $ 5.89 Market value (price) per share (MVPS) $ 8.01 $ 6.37 Prepare a statement of cash flows for Valiums Medical Supply Corporation. (Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.)