2. In the table below is selected information for AlSama Company. All figures are in thousands and represent expectations of the future. 2016 $12,420 1,864 1,404 2,070 2017 $14,924 2,236 1,586 2,484 2018 $17,140 2,570 1,792 2,236 2019 $17,996 4,500 2,026 856 1 Year 2015 Net Income $10,350 Dividends 1,546 Depreciation 1,242 Increase in 1,350 working Capital Capital 11,250 Expenditure New debt issued 1,800 Old debt retired | 1,974 New equity 3,646 issued 17,250 20,700 18,630 7,142 9,000 1,500 11,000 1,980 7,800 4,000 4,000 REQUIRED a) Calculate the expected free cash flow to equity for the years 2015 to 2019. b) Explain the expected changes in debt levels over the five years. What specific conclusions can be drawn from these changes? 3. GAAP requires that the Statement of Cash flows (SCFs) is prepared in a specific manner. For the following items, discuss in which section (operating, investing, or financing) of the SCFs they are found, where they might more appropriately be placed and why? a) Dividends received Interest paid Income taxes