6. [Statement of Cash Flows and Cash Burn or Build] Cindy and Robert (Rob) Castillo founded the Castillo Products Company in 2018. The company manufactures components for personal decision assistant products and for other handheld electronic products. Year 2018 proved to be a test of the Castillo Products Company's ability to survive. However, sales increased rapidly in 2019, and the firm reported a net income after taxes of $75,000. Depreciation expenses were $40,000 in 2019. Following are the Castillo Products Company's balance sheets for 2018 and 2019. CASTILLO PRODUCTS COMPANY BALANCE SHEET 2018 2019 Cash $50,000 $20,000 Accounts receivable 200,000 280,000 Inventories 400,000 500,000 Total current assets 650,000 800,000 Gross fixed assets 450,000 540,000 Accumulated depreciation -100,000 -140,000 Net fixed assets 350,000 400,000 Total assets $1,000,000 $1,200,000 Accounts payable $130,000 $160,000 Accruals 50,000 70,000 Bank loan 90,000 100,000 Total current liabilities 270,000 330,000 Long-term debt 300,000 400,000 Common stock ($.01 par) 150,000 150,000 Additional paid-in-capital 200,000 200,000 Retained earnings 80,000 120,000 Total liabilities and equity $1,000,000 $1,200,000 A. Calculate Castillo's cash flow from operating activities for 2019. B. Calculate Castillo's cash flow from investing activities for 2019. C. Calculate Castillo's cash flow from financing activities for 2019. D. Prepare a formal statement of cash flows for 2019 and identify the major cash inflows and outflows that were generated by the Castillo Products Company. E. Use your calculation results from Parts A and B to determine whether Castillo was building or burning cash during 2019 and indicate the dollar amount of the cash build or burn. F. If Castillo had a net cash burn from operating and investing activities in 2019, divide the amount of burn by 12 to calculate an average monthly burn amount. If the 2020 monthly cash burn continues at the 2019 rate, indicate how long in months it will be before the firm runs out of cash if there are no changes in financing activities.