1. JumpLyfe, Inc. has the following financial statements for 2018 and 2019. JumpLyfe's stock has no par value. The firm paid a dividend in 2019 of $500 million. Long-term debt of $250 million was retired in 2019. JumpLyfe also issued stock and long-term debt in 2019. Balance Sheet as of December 31, 2018 (Smillions) Cash 4,790 Accounts Payable 4,819 Accounts Receivable 5.392 Notes Payable 3,916 Inventory 5,283 Current Liabilities 8.735 Current Assets 15.465 Gross Fixed Assets 34.000 Less: Accumulated Depr. 7,880 Long-term Debt 9.078 Net Fixed Assets 26,120 Common Stock 10,462 Less Treasury stock 1,000 Retained Earnings 12,310 Total Owners' equity 23,772 Total Assets 41,585 Total Liabilities and Equity 41,585 Balance Sheet as of December 31, 2012 ($millions) Cash 5.555 Accounts Payable 5,928 Accounts Receivable 7.929 Notes Payable 4.252 Inventory 5,996 Current Liabilities 10.180 Current Assets 19,480 Gross Fixed Assets 38,195 Less: Accumulated Depr. 10,425 Long-term Debt 10.746 Net Fixed Assets 27.770 Common Stock 11,931 Less Treasury stock 1,020 Retained Earnings 13,373 Total Owners' equity 26,324 Total Assets 47.250 Total Liabilities and Equity 47.250 2019. Income Statement ($millions) Revenue 9,285 COGS and administrative expenses 3,642 Depreciation Expense 685 EBIT 4,958 Interest 636 EBT 4.322 Taxes 859 Net Income 3.463 Assume JumpLyfe uses these statements for both financial reporting and tax purposes and that it sold no assets during 2019 Compute the following: 1. cash flows for 2019 using the financial statement of cash flows with notes payable as an operating item 2. cash flows for 2019 using the financial statement of cash flows with notes payable as a firsancing item. Upload Choose a File