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.

FREEMAN, INC.
2017 Income Statement
Sales........................................................$703,100
Cost of goods sold...................................329,413
Selling & administrative..........................153,405
Depreciation...............................................66,513
EBIT..........................................................$153,769
Interest........................................................23,280
EBT...........................................................$130,489
Taxes............................................................45,671
Net income...............................................$ 84,818
Dividends.....................................................15,200
Addition to retained earnings................$ 69,618

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FREEMAN, INC. Balance Sheet as of December 31, 2016 $ 16,302 $ 29,342 Accounts payable Cash Accounts receivable 16,849 Long-term debt 165,300 Inventory 23,875 Owners' equity 277,673 Current assets 57,026 Total liabilities and $472,315 owners' equity Net fixed assets 415,289 $472,315 Total assets FREEMAN, INC. Balance Sheet as of December 31, 2017 Cash $ 18,143 Accounts payable $ 32,978 Accounts receivable 19,527 Long-term debt $179,400 Inventory 28,614 Owners' equity $352,218 Current assets $ 66,284 Total liabilities and Net fixed assets $498,312 owners' equity $564,596 Total assets $564,596