Cash Accounts receivable Inventory Current assets Net fred assets Total assets GRAFFITI ADVERTISING, INC. Balance sheet of December 31, 2030 $17.691 Accountabile 25.228 Notes payable 18,321 Currentes $61.240 Long-term debe $457.654 Owners' equity $518,694 Totales and owners' culty $12.721 19.149 $31.870 $181.000 $305 324 3518.634 Cash Accounts receivable Inventory Current assets Net food assets Total assets GRAFFITI ADVERTISING, INC. Balance Sheets of December 31, 2021 $ 19,003 Accounts payable 28.025 Notes payable 30.222 Current les $ 77,250 Long term det $539,679 Owners equity $616.929 Total liabilities and owners' equity $616.929 $13.962 21 322 $ 35.834 $201.900 $329,195 22. Net Fixed Assets and Depreciation (104) On the balance sheet the net fired assets (NFA) account is equal to the gross fixed assets (FA) account (which records the acquisition cost of fixed assets) minus the accumulated depreciation (AD) account (which records the total depreciation taken by the firm against its fixed assets). Using the fact that NFA - FA - AD, show that the expression given in the chapter for net capital spending, NFA na - NFA + D (where D is the depreciation expense during the yeat), is equivalent to FA - FAQ Lise the following information for Taco Swell, Inc., for Problems 23 and 24 (assume the tax rate is 21 percent): 2020 Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net foxed assets Accounts payable invertory Dividendes $21 516 3,089 7.397 1,759 1.443 11.279 14.934 2.175 37,778 94.601 8.150 26,551 2.573 2021 $24.047 3.229 8.750 1.531 1,723 12,021 17,529 2.133 45.798 100,893 8.632 28.421 3.008 23. Financial Statements ILOIJ Draw up an income statement and balance sheet for this company for 2020 and 2021. 24. Calculating Cash Flow [104] For 2021, calculate the cash flow from assets, cast How to creditors, and cash flow to stockholders