I need the formulas too

b. Britton String's partial balance sheets follow. Britton issued $36 million of new common stock in the most recent year. Using this information and the results from part a, fill in the missing values for common 71 72 c. Construct the statement of cash flows for the most recent year. \begin{tabular}{|l|l|l|} \hline 73 & Statement of Cash Flows \\ \hline 75 & (in thousands of dollars) \\ \hline 76 & \\ \hline 77 & Operating Activities \\ \hline 78 & Net Income \\ \hline 79 & Adjustments: \\ \hline 80 & Noncash adjustment: \\ \hline 81 & Depreciation \\ \hline 82 & Due to changes in working capital: \\ \hline 83 & Due to change in accounts receivable \\ \hline 84 & Due to change in inventories \\ \hline 85 & Due to change in accounts payable \\ \hline 86 & Due to change in accruals \\ \hline 87 & Net cash provided (used) by operating activities \\ \hline 88 & \\ \hline 8 \end{tabular} 89 Investing Activities 90 Cash used to acquire gross fixed assets 91 Due to change in short-term investments 92 Net cash provided (used) by investing activities 93 Financing Activities 95 Due to change in notes payable 96 Due to change in long-term debt 97 Due to change in common stock 98 Payment of common dividends 99 Net cash provided (used) by financing activities 100 101 Net increase/decrease in cash 102 Add: Cash balance at the beginning of the year 103 Cash balance at the end of the year 105104 Check: cash balance in statement of cash flows should equal the cash on balance sheets; this value should be zero: $70.000 a. Britton String Corp. manufactures specialty strings for musical instruments and tennis racquets. Its most recent sales were $880 million; operating costs (excluding depreciation) were equal to 85% of sales; net fixed assets were $300 million; depreciation amounted to 10% of net fixed assets; interest expenses were $22 million; the state-plus-federal corporate tax rate was 25%; and it paid 40% of its net income out in dividends. Given this information, construct its income statement. Also calculate total dividends and the addition to retained earnings. Report all dollar figures in millions. 12 The input information required for the problem is outlined in the "Key Input Data" section below. Using this data 13 and the balance sheet above, we constructed the income statement shown below