56,269 Use the following financial statements and calculate: a) cash flow from assets (3 MARKS) b) Change in NWC (1 MARK) c) Net capital spending (1 MARK) Balance sheet as of Dec 31, 2019 Cash $8,676 Accounts payable Accounts receivable 11.488 Notes payable Inventory 20,424 Current liabilities Current assets $40,588 Long-term debt Net fixed assets 572.770 Owners' equity Total assets $113,358 Total liab. & equity 1,674 $7.943 $29,060 576,355 $113,358 Balance sheet as of Dec 31, 2020 $9,247 Accounts payable Cash $6,640 Accounts receivable 13,482 21,862 Notes payable Current liabilities 1.641 $8.281 Inventory Current assets $44,591 $77.610 Net fixed assets Total assets Longterm debi Owners' equity Total liab. & equity 535229 578.691 $122.201 $122201 2019 Income Statement Sales $16,549.00 2020 Income Statement $18,498.00 Sales COGS 5,690.00 6.731.00 COGS Other expenses Other expenses Depreciation 1,353.00 1,178.00 2.376.00 2,484.00 Depreciation EBIT EBIT Interest $7.130.00 1,110.00 $6,020,00 $8,105.00 1.325.00 Interest EBT EBT $6,780.00 1,264.20 1,423.80 Taxes (219) Net income Taxes (219) Net income 54,755.80 $5.356.20 Dividends $1.979.00 Dividends $2.314.00 Additions to RE Additions to RE 2.776.80 3,042.20