Cardinal Industries had the following operating results for 2018 Sales $34,924 Cost of goods sold $24,506 Depreciation expense $6,057 Interest expense $2,740 Dividends paid $2,050 At the beginning of the year, net fixed assets were $20,000, current assets were $7,096, and current liabilities were $4,028 At the end of the year, net fixed assets were $24,556, current assets were $8,720, and current liabilities were $4,727 The tax rate for 2018 was 23 percent a What is net income for 2018 (Do not round intermediate calculations ) b What is the operating cash flow for 2018 (Do not round intermediate calculations ) c What is the cash flow from assets for 2018 (Do not round intermediate calculations A negative answer should be indicated by a minus sign ) d 1 If no new debt was issued during the year, what is the cash flow to creditors (Do not round intermediate calculations ) d 2 If no new debt was issued during the year, what is the cash flow to stockholders (Do not round intermediate calculations A negative answer should be indicated by a minus sign )

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Cardinal Industries had the following operating results for 2018: Sales = $34,924; Cost of goods sold = $24,506; Depreciation expense = $6,057; Interest expense =

Cardinal Industries had the following operating results for 2018: Sales = $34,924; Cost of goods sold = $24,506; Depreciation expense = $6,057; Interest expense = $2,740; Dividends paid = $2,050. At the beginning of the year, net fixed assets were $20,000, current assets were $7,096, and current liabilities were $4,028. At the end of the year, net fixed assets were $24,556, current assets were $8,720, and current liabilities were $4,727. The tax rate for 2018 was 23 percent.

a.	What is net income for 2018? (Do not round intermediate calculations.)
b.	What is the operating cash flow for 2018? (Do not round intermediate calculations.)
c.	What is the cash flow from assets for 2018? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.)
d-1.	If no new debt was issued during the year, what is the cash flow to creditors? (Do not round intermediate calculations.)
d-2.	If no new debt was issued during the year, what is the cash flow to stockholders? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.)