Freeman, Inc., reported the following financial statements for the last two years. Construct the cash flow identity for the company. Explain what each number means.

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2010 INCOME STATEMENT Sales Cost of goods sold Selling & administrative Depreciation EBIT Interest EBT Taxes Net income Dividends Addition to retained earnings S565,200 274,025 124,733 54.576 S111,866 19,296 S 92,570 48,137 S 44,433 S 9,600 S 34,833 Freeman, Inc. Balance Sheet as of December 31, 2009 Cash Accounts receivable 18,994 Notes payable Inventory Current assets Net fixed assets S 13320 Accounts payable S 9,504 14,508 13794 Current liabilities 24,012 $136,800 $344 426 0wners' equity $229,722 S 46,108 Long-term debt Total liabilities and Total assets EM534 owners $390 534 Freeman, Inc. Balance Sheet as of December 31, 2010 Cash Accounts receivable Inventory Current assets Net fixed assets S 14,306 21,099 Accounts payableS 10,512 16,466 S 26,978 $152,000 S285,492 Notes payable 22754 Current liabilities $ 58,159 Long-term debt ed assets 06,311 Owners' equity Total liabilities and Total assets S464470 owners equity S464 470