Question: Use the balance sheet and income statement below: Prepare a statement of cash flows for Clancys Dog Biscuit Corporation. (Enter your answers in millions of

Use the balance sheet and income statement below:

Use the balance sheet and income statement below: Prepare a statement ofcash flows for Clancys Dog Biscuit Corporation. (Enter your answers in millions

Prepare a statement of cash flows for Clancys Dog Biscuit Corporation. (Enter your answers in millions of dollars. Amounts to be deducted should be indicated with a minus sign.)

of dollars. Amounts to be deducted should be indicated with a minus

CLANCY'S DOG BISCUIT CORPORATION Income Statement for Years Ending December 31, 2021 and 2020 (in millions of dollars) Net sales Less: Cost of goods sold Gross profits Less: 0ther operating expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA) Less: Accumulated depreciation (2018) Earnings before interest and taxes (EBIT) Less: Interest Earnings before taxes (EBT) Less: Taxes Net income Less:CommonstockdividendsAdditiontoretainedearnings75$11875$99 Per (common) share data: Earnings per share (EPS) $1.93$1.74 Dividends per share (DPS) $0.75$0.75 Book value per share (BVPS) $7.04$5.86 Marketvalue(price)pershare(MVPS)$8.07$6.34 \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Statement of Cash Flows for Year Ending December 31,2021} \\ \hline (in millions of dollars) & \\ \hline Cash flows from operating activities & \\ \hline Additions (sources of cash): & \\ \hline & \\ \hline & \\ \hline & \\ \hline Subtractions (uses of cash): & \\ \hline & \\ \hline & \\ \hline Net cash flow from operating activities & \\ \hline Cash flows from investing activities & \\ \hline Subtractions: & \\ \hline & \\ \hline & \\ \hline Net cash flow from investing activities & \\ \hline Cash flows from financing activities & \\ \hline Additions: & \\ \hline & \\ \hline & \\ \hline Net cash flow from financing activities & \\ \hline & \\ \hline & \\ \hline \end{tabular}

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