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3) Statement of Cash Flow Company XYZ Balance Sheet (In Millions) Jan. 1 Dec.31 Source Use ASSETS Cash $25 $20 Mkt. Sec. 30 22 Acct. Rec. 50 60 Inventory 120 150 Total Curr. Assets $225 $252 Gross Fixed Assets $155 $170 Less: Accum. Dep. (47) (55) Net Fixed Assets $108 $115 Total Assets $333 $367 LIABILITIES Accounts Payable $41 $35 Notes Payable 30 15 Other Liabilities 19 35 Long Term Debt 21 25 Total Liabilities $111 $110 OWNERS EQUITY Common Stock $83 $83 Retained Earnings 139 174 Total Equity $222 $257 Total Liab. OE $333 $367 During the year, Company Y purchased an additional $1Smillion worth of fixed assets. The charge for depreciation in 2024 was $8 million. In addition, earnings after tax amounted to 70 million, and the company paid out 35 million in dividends. Based on the above information, prepare a 2024 statement of cash flows for Company Y. i es