3 B. (20 Marks) a) In a company how Cash is generated and how is it used? (8 Marks) b) X & Co had sales of $10,000 in 2020. The cost of goods sold was $6,500. general and administration expenses were $1,000, interest expenses were $500, and depreciation was 5% on the asset value of $20,000. The firm's tax rate is 35% (12 Marks) 1. What is EBIT? 2. What is Net Income? 3. What is Cash flow from Operation