3. (Working with financial statements) Based on the balance sheet, 1, and income statement, ?, for T. P. Jarmon Company for the year ended December 31, 2018: a. How much is the firm's net working capital and what is the debt ratio? b. Complete a statement of cash flows for the period. c. Compute the changes in the balance sheets from 2017 to 2018. a. How much is the firm's net working capital and what is the debt ratio? The net working capital is $ (Round to the nearest dollar.) The debt ratio is %. (Round to one decimal place.) b. Complete a statement of cash flows for the period. Complete the operating activities part of the statement of cash flows: (Round to the nearest dollar. NOTE: Input cash inflows as positive values and cash outflows as negative values.) Statement of Cash Flows Cash flows from Operating Activities Net income $ $ Adjustments Depreciation Increase in marketable securities Decrease in accounts receivable Prepaid expenses Increase in inventories (less A/P) Decrease in accruals Net cash provided by operating activities Complete the investing activities part of the statement of cash flows: (Round to the nearest dollar. NOTE: Input cash inflows as positive values and cash outflows as negative values.) Statement of Cash Flows (Cont'd) Cash Flows from Investing Activities Increase in gross plant and equipment $ Net cash provided (consumed) by investing activities Complete the financing activities part of the statement of cash flows: (Round to the nearest dollar. NOTE: Input cash inflows as positive values and cash outflows as negative values.) S Statement of Cash Flows (Cont'd) Cash Flows from Financing Activities Decrease in notes payable Decrease in debt Dividends Net cash provided by financing activities Net decrease in cash Cash, January 1, 2018 Cash, December 31, 2018 c. Compute the changes in the balance sheets from 2017 to 2018, Complete the changes in the assets section of the balance sheets from 2017 to 2018: (Round to the nearest dollar.) Balance Sheet Changes from 2017 to 2018: ASSETS $ Cash Marketable securities Accounts receivable Inventory Prepaid rent Total current assets Gross plant and equipment Less: Accumulated depreciation Net plant and equipment $ S Total assets $ Complete the changes in the liabilities and owners' equity section of the balance sheets from 2017 to 2018: (Round to the nearest dollar.) Balance Sheet Changes from 2017 to 2018: (Cont'd) LIABILITIES AND OWNERS' EQUITY Accounts payable $ Accruals Notes payable Total current liabilities $ Long-term debt $ Common stockholders' equity Total liabilities and equity $ 1: Data Table 1: Data Table T. P. Jarmon Company Balance Sheet for 12/31/2017 and 12/31/2018 Assets 2017 2018 S $ 15,000 6.000 42,000 13,800 6.200 33,100 Cash Marketable securities Accounts receivable Inventory Prepaid rent Tatal current assets 51,000 1,200 B4,020 1,000 S 115,200 $ 138,120 Net plant and equipment $ 286,000 $ 269,800 $ 407,190 S 401.2010 Tatal assets Accounts payable Accruals Liabilities and Equity 2017 S 48,000 1.000 15,000 $ 69,00D 2018 $ 67,200 4,900 13.200 $ 75,300 Notee payable Total current abilities Long-tam dett S 180,000 $ 150,400 Common stockholders' equity $ 182,220 $ 172 200 S 401,200 Total liabilities and equity $ 407,920 2: Data Table T. P. Jarmon Company Income Statement for Years Ended 12/31/2018 Sales $ 600,000 459,900 $ 140, 100 S 30.000 10,200 80,200 Lezz cost of goods sold Grass profit Operating and interest expenses General and administrative Interest Depreciation Total aparating and interest expenses Earnings before taxes Taxes Nut income available to common stockholders Cash dividends $ 70,400 $ 69,700 27,880 $ 41,820 31.800 $10.020 Change in retained earnings