Use the balance sheet and following income statement to construct a statement of cash flows for Clancys Dog BiscuitCorporation. Clancy's Dog Biscuit Corporation Balance Sheet

Use the balance sheet and following income statement to construct a statement of cash flows for Clancy’s Dog BiscuitCorporation.

Clancy's Dog Biscuit Corporation Balance Sheet as of December 31,2015 and 2014 (in millions of dollars 2015 2014 2015 2014 Assets Current assets Liabilities & Equity Current liabilities Cash and marketable Accrued wages and taxes $ 10 S 6 securities Accounts receivable 20 Inventory 19 Accounts payable 29 Notes payable 0 S 61 S53 0 $ 40 S 34 Fixed assets Long-term debt: $ 57 S53 Gross plant and equipment $106 S 88 Stockholders' equity: Less: Depreciation Preferred stock (2 million shares) $ $ 15 $ 91 77 $106 $.e2 $167 2 2 Net plant and equipment Other long-term Common stock and paid-in surplus (5 million shares) assets 15 Retained earnings Total 0 $ 70 $ 58 Total assets $145 Total liabilities and equity $167 $145 Clancy's Dog Biscuit Corporation Income Statement for Years Ending December 31, 2015 and 2014 millions of dollars 2015 2014 Net sales Less: Cost of goods sold Gross profits Less: Other operating expenses Earnings before interest, taxes, depreciation, and S 38 amortization (EBITDA) Less: Depreciation Eamings before interest and taxes (EBIT) Less: Interest Earnings before taxes (EBT) Less: Taxes Net income S 32 4 S 28 $ 41 4 S 37 S 23 S 32 Less: Preferred stock dividends Net income available to common stockholders Less: Common stock dividends Addition to retained eamings Per (common) share data $15 $12 $18 Eamings per share (EPS) Dividends per share (DPS) Book value per share (BVPS) Market value (price) per share (MVPS) $3.00 $0.60 $13.60 $14.25 $0.60 $11.20 $14.60