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ble for 2019 Sales 12,500 2020 9,350 Depreciation 1,661 1,661 Cost of goods sold 2,979 4,707 Other expenses 946 824 -Interest 776 776 Cash

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ble for 2019 Sales 12,500 2020 9,350 Depreciation 1,661 1,661 Cost of goods sold 2,979 4,707 Other expenses 946 824 -Interest 776 776 Cash 6,067 6,466 Account receivable 8,034 9,427 Short-term notes payable 1,171 2,147 Long-term debt 20,320 24,696 Net fixed assets 50,888 54,273 Accounts payable Inventory Dividends 4,384 4,644 14,283 14,283 1,411 1,411 Tax rate is 34% Q1) How much is the cash flow from assets for 2020? (10 Points) Q2) Using the information from Question 1, show that the cash flow from assets is equal to the sum of the cash flows to bondholders and shareholders? (10 Points)

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