a. Find the cash flow from assets:

b. Find cash flow to creditors:

c. Find cash flow to owners:

Cash flow identity. Use the data from the following financial statements in the popup window, . The company paid interest expense of $18,400 for 2017 and had an overall tax rate of 40% for 2017 . Verify the cash flow identity: cash flow from assets = cash flow to creditors + cash flow to owners \begin{tabular}{|l|r|} \hline \multicolumn{2}{|c|}{ Partial Income Statement Year Ending 2017} \\ \hline Sales revenue & $350,200 \\ \hline Cost of goods sold & $141,800 \\ \hline Fixed costs & $43,200 \\ \hline Selling, general, and administrative expenses & $28,200 \\ \hline Depreciation & $45,900 \\ \hline \end{tabular} \begin{tabular}{|l|r|l|r|} \hline \multicolumn{3}{|c|}{ Partial Balance Sheet 12/31/2016 } \\ \hline ASSETS & & LIABILITIES & \\ \hline Cash & $16,200 & Notes payable & $14,000 \\ Accounts receivable & $27,800 & Accounts payable & $19,000 \\ Inventories & $48,000 & Long-term debt & $189,900 \\ \cline { 3 - 4 } Fixed assets & $368,200 & OWNERS' EQUITY & \\ \cline { 3 - 5 } Accumulated depreciation & $142,300 & Retained earnings & \\ Intangible assets & $81,800 & Common stock & $132,000 \\ \hline \end{tabular} \begin{tabular}{|l|r|l|r|} \hline \multicolumn{3}{|c|}{ Partial Balance Sheet 12/31/2017 } \\ \hline ASSETS & & LIABILITIES & \\ \hline Cash & $26,000 & Notes payable & $12,000 \\ Accounts receivable & $19,000 & Accounts payable & $24,200 \\ Inventories & $53,200 & Long-term debt & $162,000 \\ \cline { 3 - 4 } Fixed assets & $448,200 & OWNERS' EQUITY & \\ \cline { 3 - 5 } Accumulated depreciation & & Retained earnings & \\ Intangible assets & $81,800 & Common stock & $181,900 \\ \hline \end{tabular} Cash flow identity. Use the data from the following financial statements in the popup window, . The company paid interest expense of $18,400 for 2017 and had an overall tax rate of 40% for 2017 . Verify the cash flow identity: cash flow from assets = cash flow to creditors + cash flow to owners \begin{tabular}{|l|r|} \hline \multicolumn{2}{|c|}{ Partial Income Statement Year Ending 2017} \\ \hline Sales revenue & $350,200 \\ \hline Cost of goods sold & $141,800 \\ \hline Fixed costs & $43,200 \\ \hline Selling, general, and administrative expenses & $28,200 \\ \hline Depreciation & $45,900 \\ \hline \end{tabular} \begin{tabular}{|l|r|l|r|} \hline \multicolumn{3}{|c|}{ Partial Balance Sheet 12/31/2016 } \\ \hline ASSETS & & LIABILITIES & \\ \hline Cash & $16,200 & Notes payable & $14,000 \\ Accounts receivable & $27,800 & Accounts payable & $19,000 \\ Inventories & $48,000 & Long-term debt & $189,900 \\ \cline { 3 - 4 } Fixed assets & $368,200 & OWNERS' EQUITY & \\ \cline { 3 - 5 } Accumulated depreciation & $142,300 & Retained earnings & \\ Intangible assets & $81,800 & Common stock & $132,000 \\ \hline \end{tabular} \begin{tabular}{|l|r|l|r|} \hline \multicolumn{3}{|c|}{ Partial Balance Sheet 12/31/2017 } \\ \hline ASSETS & & LIABILITIES & \\ \hline Cash & $26,000 & Notes payable & $12,000 \\ Accounts receivable & $19,000 & Accounts payable & $24,200 \\ Inventories & $53,200 & Long-term debt & $162,000 \\ \cline { 3 - 4 } Fixed assets & $448,200 & OWNERS' EQUITY & \\ \cline { 3 - 5 } Accumulated depreciation & & Retained earnings & \\ Intangible assets & $81,800 & Common stock & $181,900 \\ \hline \end{tabular}