Create a Cash Flow Statement for Global Corporation for 2007. The Balance Sheet and Income Statements are provided below. Supplemental information:

Additions to PP&E for 2007 is $33.4 million

Dividends for 2007 were $1 million

Ignore Retained Earnings Calculation: Net Income and Dividends are provided.

No change in common stock

S/E increased $1 million = R/E (NI-Div)

TABLE 2.1 Global Corporation Balance Sheet for 2007 and 2006 GLOBAL CORPORATION Balance Sheet Year ended December 31 (in millions) Liabilities and Stockholders' Assets 2007 2006 Equity Current Assets Current Liabilities Cash 23.2 20.5 Accounts payable Accounts receivable 18.5 13.2 Notes payable/short-term debt Inventories 15.3 14.3 Total current assets 57.0 48.0 Total current liabilities Long-Term Assets Long-Term Liabilities Net property, plant, 113.1 80.9 Long-term debt and equipment Total long-term liabilities Total long-term assets 113.1 80.9 Total Liabilities Stockholders' Equity Total Assets 170.1 128.9 Total Liabilities and Stockholders' Equity 2007 2006 29.2 26.5 5.5 3.2 34.7 29.7 113.2 78.0 113.2 78.0 147.9 107.7 22.2 21.2 170.1 128.9