Cash Flow at Warf Computer Inc

\begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{10}{|c|}{ Balance Sheet (in \$ thousands) } \\ \hline & & 018 & & 19 & & & 18 & & 2019 \\ \hline \multicolumn{10}{|c|}{ Current liabilities } \\ \hline Cash and equivalents & $ & 469 & $ & 542 & Accounts payable & $ & 582 & $ & 623 \\ \hline Accounts receivable & & 802 & & 859 & Accrued expenses & & 481 & & 296 \\ \hline Inventories & & 795 & & 769 & Total current liabilities & $ & 1,063 & $ & 919 \\ \hline Other & & 94 & & 110 & & & & & \\ \hline \multirow[t]{2}{*}{ Total current assets } & s & 2,160 & $ & 2,280 & & & & & \\ \hline & & & & & Long-term liabilities & & & & \\ \hline Fixed assets & & & & & Deferred taxes & $ & 191 & s & 257 \\ \hline Property, plant, and equipment & $ & 3,815 & $ & 4,978 & Long-term debt & & 1,379 & & 1,415 \\ \hline Less accumulated depreciation & & 1,310 & & 1,608 & Total long-term liabilities & $ & 1,570 & $ & 1,672 \\ \hline Net property, plant, and equipment & \begin{tabular}{l} $ \\ \end{tabular} & 2,505 & $ & 3,370 & & & & & \\ \hline Intangible assets and others & & 851 & & 952 & Stockholders equity & & & & \\ \hline \multirow[t]{6}{*}{ Total fixed assets } & \$ & 3,356 & $ & 4,322 & Preferred stock & $ & 25 & $ & 25 \\ \hline & & & & & Common stock & & 151 & & 155 \\ \hline & & & & & Capital surplus & & 934 & & 949 \\ \hline & & & & & Accumulated retained earnings & & 1,924 & & 3,112 \\ \hline & & & & & Less treasury stock & & 151 & & 230 \\ \hline & & & & & Total equity & s & 2,883 & s & 4,011 \\ \hline Total assets & $ & 5,516 & S & 6,602 & \begin{tabular}{l} Total liabilities and \\ shareholders equity \end{tabular} & \begin{tabular}{cl} s \\ \end{tabular} & 5,516 & S & 6,602 \\ \hline Acquisition of fixed assets & $ & 1,778 & & & & & & & \\ \hline Sale of fixed assets & $ & 514 & & & & & & & \\ \hline New debt issued & $ & 274 & & & & & & & \\ \hline Debt retired & $ & 238 & & & & & & & \\ \hline New stock issued & $ & 19 & & & & & & & \\ \hline Stock repurchased & s & 79 & & & & & & & \\ \hline \multicolumn{10}{|c|}{ Income Statement (in \$ thousands) } \\ \hline Sales & $ & 9,068 & & & & & & & \\ \hline Cost of goods sold & & 5,347 & & & & & & & \\ \hline Selling, general, and administrative & & 848 & & & & & & & \\ \hline Depreciation & & 298 & & & & & & & \\ \hline Operating income & \begin{tabular}{l} s \\ \end{tabular} & 2,575 & & & & & & & \\ \hline Other income & & 90 & & & & & & & \\ \hline EB & $ & 2,665 & & & & & & & \\ \hline Interest expense & & 164 & & & & & & & \\ \hline Pretax income & s & 2,501 & & & & & & & \\ \hline Taxes & & 625 & & & & & & & \\ \hline Current & & & $ & 559 & & & & & \\ \hline Deferred & & & $ & 66 & & & & & \\ \hline Net income & \begin{tabular}{ll} S \\ \end{tabular} & 1,876 & & & & & & & \\ \hline Dividends & $ & 688 & & & & & & & \\ \hline Retained earnings & $ & 1,188 & & & & & & & \\ \hline \end{tabular} Operating cash flow Earnings before interest and taxes Depreciation -Current taxes Operating cash flow Net capital spending Acquisition of fixed assets Sale of fixed assets Capital spending Alternatively, Ending fixed assets -Beginning fixed assets Depreciation Capital spending Net working capital cash flow Ending NWC Beginning NWC NWC cash flow Cash flow from assets OCF -Net capital spending -Change in NWC Cash flow from assets Cash flow to creditors Interest Retirement of debt Debt service Proceeds from sale of long-term debt Total Alternatively Beginning long-term debt Ending long-term debt Interest Total Cash flow to stockholders Dividends Repurchase of stock Cash to stockholders Proceeds from new stock issue Total Alternatively Beginning total equity Ending total equity Dividends Retained earnings Statement of Cash Flows Operations Net income Depreciation Deferred taxes Changes in assets and liabilities Accounts receivable Inventories Accounts payable Accrued expenses Other Total cash flow from operations Investing activties Acquisition of fixed assets Sale of fixed assets Total cash flow from investing activities Financing activties Retirement of debt Proceeds from long-term debt Dividends Repurchase of stock Proceeds from new stock issues Total cash flow from financing activities Change in cash (on balance sheet) Q2. Which cash flow statement more accurately described the cash flows at the company