12 Graffiti Advertising, Inc., reported the following financial statements for the last two years. 0.87 points 2019 Income Statement Sales $ 273,945 Costs of goods sold Selling & administrative 124,717 Depreciation 54,560 Skipoed EBIT Interest $ 119,978 19,648 cBook 100,330 $ Taxes 40,132 Print Net income $ 60,198 References $ 11,200 Dividends Addition to retained earnings $ 48,998 GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2018 Cash $ 13,480 Accounts payable Accounts receivable 18,978 Notes payable Inventory 13,810 Current liabilities $ 9,488 14,492 $ 23,980 Current assets $ 46,268 Long-term debt $ 135,520 Net fixed assets $344,906 Owners' equity 231,674 $ 12 GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2018 Cash $ 13,480 Accounts payable Accounts receivable 18,978 Notes payable Inventory 13,810 Current liabilities $ 9,488 14,492 0.87 points $ 23,980 Current assets $ 46,268 Long-term debt $ 135,520 Skipped Net fixed assets $344,906 Owners' equity $ 231,674 Total liabilities eBook Total assets $ 391,174 and owners' equity $391,174 Print References GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2019 Cash $ 14,466 Accounts payable Accounts receivable 21,083 Notes payable Inventory 22,770 Current liabilities Current assets $ 58,319 Long-term debt $ 10,528 16,482 $ 27,010 $ 153,600 $284,004 Net fixed assets $406,295 Owners' equity Total assets $ 464,614 Total liabilities and owners' equity $ 464,614 a. Calculate the operating cash flow. (Do not round intermediate calculations and round vour answer to the nearest whole number. e.a.. 32.) *** M v tm VV Total assets $ 12 464,614 Total liabilities and owners' equity 464,614 0.87 points Skipped a. Calculate the operating cash flow. (Do not round Intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. Calculate the change in net working capital, (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. Calculate the net capital spending. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Calculate the cash flow from assets. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) e. Calculate the cash flow to creditors. (Do not round Intermediate calculations and round your answer to the nearest whole number, e.g., 32.) f. Calculate the cash flow to stockholders. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) eBook Print References a. Operating cash flow b. Change in net working capital c. Net capital spending d. Cash flow from assets e. Cash flow to creditors f. Cash flow to stockholders