2. Use the information in Tables 2.5 and 2.6 with the additional information and complete the Purcell Diagram in Figure 2.3. The additional information given is for calculating some of the adjustment terms in Equations (2.3) and (2.4). Additional information for 2024 is: Stock Sales 20 Dividends Paid 20 Labor Used For Raw Materials For WIP For Finished Goods Supplier Services Equipment Purchased Raw Materials for Prod. WIP Services Assets Current Assets Table 2.5: Income statement for NAC Corporation for 2024 Cash Accounts Receivables Inventories Sales Expenses Customers. Fixed Assets Plant & Equipment Sales Total Costs Finished Goods Work-in-Progress Raw Materials Table 2.6: Balance sheet for NAC Corporation for 2024 Balance Sheet NAC Corporation (Year 2024) Start End 2024 2024 Profit Before Tax Taxes (Tax Rate 25%) Net Profit 40 35 55 Depreciation 90 200 45 Accounts Receivable Income Statement NAC Corporation 2024 (End-of-Year) Net Profits Value Created Cash Received from Customers 780 Raw Materials to WIP 240 WIP to Finished Goods 325 Money Paid to Suppliers 320 0 40 90 40 Finished Goods Cost of Goods Sold 400 Management Costs 40 R&D Expenses Sales Expense Other Taxes & Fees 20 85 40 415 Accounts Payable 20 60 70 30 Depreciation 80 680 120 30 90 Owner's Equity 100 110 Common Stock 590 690 Cash Liabilities & Equities Current Liabilities Fixed Assets WIP Net Net Profits, Equity Change Stock Sales 800 Accounts Payable Purchased Equipment Figure 2.3: Purcell diagram for NAC Corporation in 2024. 325 Suppliers Raw Materials Start 2024 Employees Management R&D Expenses Sales Expenses Fees & Other Taxers Government Income Taxes Owner's Equity L Dividends Paid to Stockholders Stock Sales 0 End 2024 10 590 680 590 690 Cash Flows = Net Profits + Depreciation + Adjustments Cash Flows (end) - Cash Flows (start) = Net Profits + Depreciation + Adjustments (2.3) Cash Flows (end) = Cash Flows (start) + Net Profits + Depreciation + Adjustments (2.4)