1. Calculate cash flow from operating activities (just operating activities) for the year ended December 31, 2020. Youll need to make some assumptions since you dont have all of the information you would need normally. Show your calculation!

2. 	2020	2019
   Cash and equivalents	16,226	15,901
   Notes receivable	8,113	8,519
   Accounts receivable	162,265	155,774
   Allowance for bad debts	(6,490)	(6,166)
   Raw materials	56,793	55,089
   Work-in-process	121,699	126,567
   Finished goods	73,019	69,368
   Prepaid expenses	27,585	28,964
   Deferred income taxes	14,604	14,458
   Other current assets	53,547	51,941
   Land	114,225	110,798
   Buildings and improvements	892,461	865,687
   Machinery and equipment	1,945,889	2,043,183
   Accumulated depreciation	(323,536)	(317,065)
   Patents and trademarks	397,550	381,648
   Goodwill	811,328	778,875
   Other noncurrent assets	113,586	113,586
   Notes payable to banks	(129,812)	(122,023)
   Accounts payable	(89,246)	(85,676)
   Accrued advertising	(32,453)	(32,453)
   Accrued operating expenses	(35,698)	(34,627)
   Accrued compensation	(11,358)	(11,244)
   Other accrued expenses	(33,100)	(34,424)
   Income taxes payable	(14,604)	(13,728)
   Other current liabilities	(4,868)	(4,576)
   Long-term notes payable	(726,074)	(682,510)
   Bonds payable	(162,265)	(159,020)
   Capitalized lease obligations	(50,873)	(52,908)
   Deferred income taxes	(64,203)	(61,635)
   Other noncurrent liabilities	(24,340)	(25,557)
   Preferred stock, $10 par value	(2,815)	(2,956)
   Common stock, $0.01 par value	(3,245)	(3,277)
   Additional paid-in capital	(1,475,677)	(1,475,677)
   Retained earnings	(1,458,782)	(1,400,431)
   Treasury stock, at cost	12,667	12,034
   Sales	(4,717,502)	(4,718,499)
   Cost of goods sold	2,950,937	2,832,900
   Advertising expense	354,368	347,281
   Marketing expense	240,181	225,770
   Administrative expense	274,044	268,563
   General expense	44,350	42,133
   Research and development expense	340,195	346,999
   Other technical expense	44,339	43,009
   Other expense (income)	16,189	15,218
   Interest expense	79,450	82,628
   Interest income	(3,183)	(3,151)
   Amortization of intangibles	57,565	56,414
   Provision for income taxes	146,949	154,296