Question

2020 Less Taxes ( 21 percent) Net Income Less: Preferred stock dividends Net income available to common stockholders Less Common stock dividends Addition to retained earnings Per common share data Earnings per share (EPS) Dividends per share DPS) Book value per share (BVPS) Market value price per share (MVPS) $ 872 $ $26.850 $22550 GARNERS' PLATOON MENTAL HEALTH CARE, INC. Statement of Cash Flows for Year Ending December 31, 2021 (in millions of dollars Section A Cash flows from operating activities Net income Additions Depreciation Increase in accrued wages and taxes Increase in accounts payable Subtractions: Increase in accounts receivable Increase in inventory Net cash flow from operating activities Section B. Cash flows from Investing activities Subtractions Increase in fixed assets Increase in other long-term assets Net cash flow from resting activities Section C. Cash flows from financing activities Additions: Increase in notes payable Increase in long-term debt Increase in common and preferred stock Subtractions Pay preferred stock dividends Pay common stock dividends Net cash flow from financing activities: Section D. Net change in cash and marketable securities ! JOI ! I pli ol $ 2.4.40 GARNERS' PLATOON MENTAL HEALTH CARE, INC. Statement of Retained Earnings as of December 31, 2021 in millions of dollars) Balance of retained earnings, December 31, 2020 Plus: Net income for 2021 Less: Cash dividends paid Preferred stock Common stock Total cash didends paid Balance of retained earnings, December 31, 2021 !

Answer 1

1.Income statement for year ending, December 31,2021 and 2020.( In millions of dollars)

	2021	2020
Net sales	$4,980	$4,348
Less: cost of goods sold	$2,246	$2,035
Gross profit	$2,734	$2,313
Less: other operating expenses:	$125	$100
Earnings before interest,taxes, depreciation,and amortization	$2,609	$2,213
Less: depreciation	$200	$191
Earnings before interest and taxes	$2,409	$2,022
Less: interest	$315	$285
Earnings before taxes	$2,094	$1,727
Less: taxes (21percent)	$440	$365
Net income	$1,654	$1,372
Less: preferred stock dividends	$60	$60
Net income available to common stockholders	$1,594	$1,312
Less: common stock dividends	$722	$722
Earnings to retained earnings	$872	$590
Per(common) share data:
Earnings per share	7.97	6.56
Dividends per share	3.61	3.61
Book value per share	19.745	15.385
Market value (price) per share	26.850	22.550

2. Statement of cash flows for year ending December 31, 2021

A. Cash flow from operating activities
Net income	$1,654
Additions:
Depreciation	$200
Increased in accrued wages	$74
Increase in accounts payable	$76
Substractions:
Increase in accounts receivable	($89)
Increase in inventories	($179)
Net cash flow from operating activities		$1,736
B. Cash flow from investing activities
Substractions:
Increase in fixed assets	($1,069)
Increase in other long term assets	($102)
Net cash flow from investing activities		($1,171)
C. Cash flow from Financing activities
Additions:
Increase in notes payable	$158
Increase in long term debt	$85
Increase in common and preferred stock	$0
Substractions:
Pay preferred stock dividends	($60)
Pay common stock dividends	($722)
Net cash flow from Financing activities		($539)
Net Change in cash and marketable securities		$26

3. Statement of retained earnings for the year December 31,2021.

Balance of retained earnings, December 31,2020		$2,440
Plus: net income for 2021		$1,654
Less: cash dividends paid
Preferred stock	$60
Common stock	$722
Total cash dividends paid		($782)
Balance of retained earnings December 31,2021		$3,312

_____×_____

Please do support us.

All the best.