XYZ Corp.

Balance Sheet as of December 31, 2021 and 2020($millions)

Assets 2021 2020

Current assets:

Cash and marketable securities $ 300 $295

Accounts receivable 415 385

Inventory 780 520

Total $ 1,495 $1,200

Fixed assets:

Gross Plant &Equipment $2,587 $1,986

Less:accummulated depreciation 450 350

Net plant and equipment $2,137 $1,636

Other long-assets 422 350

Total $2,559 $2,022

Total assets $ 4,054 $3,222

Liabilities and Equity

Current liabilities:

Accrued wages and taxes $245 $210

Accounts payable 315 298

Notes payable 520 452

Total $1,080 $960

Long-term debt: 2028 1,430

Stockholders equity:

Preferred stock(25million shares) $ 25 $ 25

Common stock and paid- in surplus

(200million shares) 350 350

Retained earnings 571 437

Total $946 $812

Total liabilities and equity $4,054 $3,222

Income Statement for Years Ending December 31, 2021 and 2020

2021 2020

Net sales $2,156 $1,849

Less: Cost of goods sold 950 815

Gross profits $1,206 $1,034

Less:Other operating expenses 98 115

EBITDA $1,108 $919

Less:Depreciation 90 85

EBIT $1,018 $834

Less:Interest 101 120

Earnings before taxes(EBT) $917 $714

Less:Taxes 158 132

Net Income $759 $582

Less:Preferred stock dividends 75 75

Net Income available to common stockholders $684 $507

Less: common stock dividends 300 300

Addition to retained earnings $384 $207

Statement of Cash Flows for Year Ending December 31, 2021

2021

Cash flows from operating activities

Net Income ?

Plus:

Depreciation 90

Increase in accrued wages and taxes ?

Increase in accounts payable 17

Less:

Increase in accounts receivable $(30)

Increase in inventory ?

Net cash flow from operating activities: ?

Cash flows from investing activities

Less:

Increase in fixed assets $ (601)

Increase in other long-term assets ?

Net cash flow from investing activities ?

Cash flows from financing activities

Plus:

Increase in notes payable 68

Increase in long-term debt ?

Increase in common and preferred stock 0

Less:

Pay dividends ?

Net cash flow from financing activities: $271

Net change in cash and marketable securities $5

Using information from the balance sheet and income statement complete the statement of cash flows for year ending December 31,2021 and explain how you arrived at the missing figures(?).