Reference no: EM131950609

Use the balance sheet and income statement below: VALIUM’S MEDICAL SUPPLY CORPORATION Balance Sheet as of December 31, 2015 and 2014 (in thousands of dollars) 2015 2014 2015 2014 Assets Liabilities and Equity Current assets: Current liabilities: Cash and marketable securities $ 72 $ 71 Accrued wages and taxes $ 46 $ 41 Accounts receivable 187 181 Accounts payable 147 141 Inventory 312 291 Notes payable 131 131 Total $ 571 $ 543 Total $ 324 $ 313 Fixed assets: Long-term debt: $ 568 $ 556 Gross plant and equipment $ 1,073 $ 882 Stockholders’ equity: Less: Depreciation 146 113 Preferred stock (6 thousand shares) $ 6 $ 6 Common stock and paid-in surplus 120 120 Net plant and equipment $ 927 $ 769 (100 thousand shares) Other long-term assets 134 134 Retained earnings 614 451 Total $ 1,061 $ 903 Total $ 740 $ 577 Total assets $ 1,632 $ 1,446 Total liabilities and equity $ 1,632 $ 1,446 VALIUM’S MEDICAL SUPPLY CORPORATION Income Statement for Years Ending December 31, 2015 and 2014 (in thousands of dollars) 2015 2014 Net sales $ 892 $ 802 Less: Cost of goods sold 389 352 Gross profits $ 503 $ 450 Less: Other operating expenses 47 41 Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 456 $ 409 Less: Depreciation 33 31 Earnings before interest and taxes (EBIT) $ 423 $ 378 Less: Interest 48 42 Earnings before taxes (EBT) $ 375 $ 336 Less: Taxes 131 111 Net income $ 244 $ 225 Less: Preferred stock dividends $ 6 $ 6 Net income available to common stockholders $ 238 $ 219 Less: Common stock dividends 75 75 Addition to retained earnings $ 163 $ 144 Per (common) share data: Earnings per share (EPS) $ 2.38 $ 2 Dividends per share (DPS) $ 0.75 $ 0.75 Book value per share (BVPS) $ 7.34 $ 5.71 Market value (price) per share (MVPS) $ 8.37 $ 6.19 Prepare a statement of cash flows for Valium’s Medical Supply Corporation. (Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign. Leave no cells blank - be certain to enter "0" wherever required.)