Balance Sheets as of December 31 \begin{tabular}{lrrr} \hline Assets & 2021 & 2020 \\ Cash and equivalents & $14,000 & $12,000 \\ Accounts receivable & 30,000 & 20,000 \\ Inventories & 25,990 & 19,000 \\ Total current assets & $69,990 & $51,000 \\ Net plant and equipment & 49,000 & 46,000 \\ Total assets & $118,990 & & $97,000 \\ \end{tabular} Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock (4,000 shares) Retained earnings Common equity Total liabilities and equity $10,200$8,500 7,2007,000 $23,8006,400$20,8005,300 $43,80020,000$40,80020,000 50,00050,000 $75,19025,190$97,000$118,990$56,2006,200 Income Statement for Year Ending December 31, 2021 Sales Operating costs excluding depreciation and amortization EBITDA Depreciation \& amortization EBIT Interest EBT Taxes (25\%) Net income Dividends paid $238,000190,000$48,0007,000$41,0004,900$36,1009,025.00$27,075.00$8,085.00 Enter your answers in mallons, for example, an answer of $25,000,000,000 should be entered as 25,000 . Round your answers to the nearest whole number, if necessary. a. What was net operating working capital for 2020 and 20217 Assume that all cash is excess cash; l.e, this cash is not needed for operating purposes. 20205 milition 20215 mition b. What was Arlington's 2021 free cash flow? 5. million C. Construct Arlington's 2021 statement of stockbydders' equity. d. What was Arlington' 2021 rVA7 Assume that its after-tax cost of capital is 10%. Rnund your answer to the nearest cent: 4 million 4. What was Arington's MVA at year-end 2021 ? Assume that its Mock price ot December 31,2021 was 325 . Round your answer to the neareit cent. 3 minon