Below are Laiho Industries 2017 and 2018 balance sheet items:

	2018	2017
Cash	$ 102,850.00	$ 89,725.00
Accounts Receivable	$ 103,365.00	$ 85,527.00
Long-Term Debt	$ 76,264.00	$ 63,914.00
Accounts Payable	$ 30,761.00	$ 23,109.00
Common Stock (total value)	$ 100,000.00	$ 90,000.00
Notes Payable	$ 16,717.00	$ 14,217.00
Net Fixed Assets	$ 67,165.00	$ 42,436.00
Accruals	$ 30,477.00	$ 22,656.00
Inventories	$ 38,444.00	$ 34,982.00
Retained Earnings	$ 57,605.00	$ 38,774.00

Sales for 2018 were $455,150, and EBITDA was 15% of sales. Furthermore, depreciation and amortization were 11% of net fixed assets, interest was $8,575, the corporate tax rate was 40%, and Laiho pays 40% of its net income as dividends.

Given this information, construct the firms 2018 income statement, statement of cash flows, and statement of owner's equity. Then answer the questions below.

Round your answers to the nearest whole number.

- What are expenses excluding depreciation and amortization for 2018?

-What is EBIT for 2018?

- What is income for 2018?

-What is the total balance of stockholders Equity at the end of 2018?

-What was net cash provided by (used in) operating activities for 2018? (If your answer is "used in" use a negative sign in front of the number)

-What was net cash provided by (used in) investing activities for 2018?

(If your answer is "used in" use a negative sign in front of the number)

-What was net cash provided by (used in) financing activities for 2018?

-What was the increase/decrease in cash for 2018? (For a decrease, use a negative sign in front of the number)

-What is NOWC for 2017?

-What is the NOWC for 2018?

-What is the free cash flow for 2018? (For a negative cash flow, use a negative sign before the number)