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21. Calculating Cash Flows (102) Nanticoke Industries had the following operating results for 2018: geler $22,800; cost of goods sold = $16,050, depreciation expense =

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21. Calculating Cash Flows (102) Nanticoke Industries had the following operating results for 2018: geler $22,800; cost of goods sold = $16,050, depreciation expense = $4,050, interest expense = $1,830, dividends paid = $1,300. At the beginning of the year, act assets were $13,650, current assets were 84,800, and current liabilities were $2,700. At the end of the year, nct fixed assets were $16,800, currcnt asseta were 35,930, and current liabilities were $3,150. The tax rate for 2018 was 34%. a. What is net income for 2018? b. What is the operating cash flow for 2018? c. What is the cash flow from assets for 2018? Is this possible? Explain

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