Check my work mode: This shows what is correct or Incorrect for the work you have completed so far. It does not Indicate completion. 2 10 points The below tables shows Dynamic Mattress's year-end 2016 and 2018 balance sheets, and its income statement for 2017. Dynamic Mattress Year-End Balance Sheet for 2016 (figures in $ millions) Assets Liabilities and Shareholders' Equity Current Assets: Current Liabilities: Cash $ 60 Bank loans $ 60 Marketable securities 30 Accounts payable 175 Accounts receivable 130 Inventory 250 Total current assets $ 470 Total current liabilities $ 235 Fixed assets: Gross investment Less depreciation Net fixed assets Total assets $ 270 90 Long-term debt Net worth (equity and retained earnings 45 370 3150 3650 Total liabilities and net worth $ 650 Assets Current Assets: Cash Marketable securities Accounts receivable Inventory Total current assets Dynamic Mattress Year-End Balance Sheet for 2017 (figures in $ millions) Liabilities and Shareholders' Equity Current Liabilities: $ 260.0 Debt due within a year (ank loans) 0.0 Accounts payable 164.0 303.0 $ 27.0 Total current liabilities $ 85.0 230.0 $ 315.0 Fixed assets: Gross investment Less depreciation Net fixed assets Total assets $385.0 96.5 $ 288.5 $1,016.5 Long-term debt Net worth (equity and retained earnings) 100.0 600.5 Total liabilities and owners' equity $1,015.5 Dynamic Mattress Income Statement for 2017 (figures in $ millions) Sales $1.500.0 Operating costs 1.408.5 $91.5 Depreciation 6.5 EBIT 85.0 Interest 5.0 Pretax income 80.0 Tax at 50% 40.0 Net income $ 40.0 Notes: Dividend = $30 million and reinvested earnings = $10 million Use the tables above to work out the statement of cash flows for 2017. (Enter your answers in millions of dollars rounded to 1 decimal place.) Tax at 50% Net income 40.0 $ 40.0 Notes: Dividend = $30 million and reinvested earnings = $10 million. Use the tables above to work out the statement of cash flows for 2017. (Enter your answers in millions of dollars rounded to 1 decimal place.) Answer is complete but not entirely correct. Dynamic Mattress (figures in $ millions) Sources of cash: Sold marketable securities S 30.0 Increased bank loans 25.0 Increased accounts payable 55.0 Increased long-term debt 55.0 Net income 40.0 Issue of stock 220.5 Depreciation 6.5 Total sources S 432.0 Uses of cash: Increased inventories IS 53.0 Increased accounts receivable 34.0 Invested in fixed assets 108.0 X Dividend 30.0 Total uses IS 225.0 Increase in cash balance IS (207)