Cash Accounts receivable Inventory GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2019 $14,456 Accounts payable 21,084 Notes payable 22,769 $ 10,527 16,481 Current liabilities $27,008 153,500 Current assets $58,309 Long-term debt $ 406,296 284,097 Net fixed assets $ Owners' equity 464,605 Total liabilities and Total assets 464,605 owners equity Cash GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2018 Accounts receivable Inventory $13,470 Accounts payable 18,979 Notes payable 13,809 $ 9,489 14,493 Current liabilities 23,982 $ Current assets $ 46,258 Long-term debt 135,600 $ Net fixed assets $344,876 Owners' equity 231,552 $ Total liabilities Total assets $391134 $391,134 and owners' equity es Graffiti Advertising, Inc., reported the following financial statements for the last two years. Sales 2019 Income Statement Costs of goods sold Selling & administrative Depreciation EBIT Interest EBT Taxes Net income $572,700 273,950 124,718 54,561 $ 119,471 19,626 $ 99,845 39,938 $ 59,907 A Dividends $ 11,100 Addition to retained $ 48,807 earnings ces a. Calculate the operating cash flow. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. Calculate the change in net working capital. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. Calculate the net capital spending. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) d. Calculate the cash flow from assets. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) e. Calculate the cash flow to creditors. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) f. Calculate the cash flow to stockholders. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a. Operating cash flow b. Change in net working capital C. Net capital spending d. Cash flow from assets e. Cash flow to creditors f. Cash flow to stockholders