1) Correct the calculations in green.

2) Reconcile your ending figure for the statement of cash flows.

3) Comment on the strengths and weaknesses of the company's cash flow situation. Include in this discussion a comparison of the Statement of Cash Flows and the other cash flow calculations. Mainly, do the two sets of cash flow calculations lead to the same conclusion regarding the company's cash flow situation? Why or why not? Which set of cash flows is more important to the value of the company? Why?

4) Based on your findings, would you recommend the company pursue a planned expansion? Why or why not?

Statement of cash flows Operations Net income Depreciation Changes in assets and liabilities Investing activities \begin{tabular}{l|rr|} Acquisition of fixed assets & $5 & 53,500,000 \\ \hline Sale of fixed assets & $ & 5.046,000 \\ \hline Total cash flow from investing activities & $ & 58,546,000 \end{tabular} Financing activities Retirement of debt Proceeds of long-term debt Dividends Repurchase of stock Proceeds from new stock issues Total cash flow from financing activities \begin{tabular}{|lr|} $ & 22,532,000 \\ 40,000,000 \\ 19,374,500 \\ 31,065,000 \\ & 19,500,000 \\ \hline$132,471,500 \\ \hline$261,540,220 \\ \hline \end{tabular} Change in cash (on balance sheet) Statement of cash flows Operations Net income Depreciation Changes in assets and liabilities Investing activities \begin{tabular}{l|rr|} Acquisition of fixed assets & $5 & 53,500,000 \\ \hline Sale of fixed assets & $ & 5.046,000 \\ \hline Total cash flow from investing activities & $ & 58,546,000 \end{tabular} Financing activities Retirement of debt Proceeds of long-term debt Dividends Repurchase of stock Proceeds from new stock issues Total cash flow from financing activities \begin{tabular}{|lr|} $ & 22,532,000 \\ 40,000,000 \\ 19,374,500 \\ 31,065,000 \\ & 19,500,000 \\ \hline$132,471,500 \\ \hline$261,540,220 \\ \hline \end{tabular} Change in cash (on balance sheet)