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Cash flow from assets. Use the data from the following financial statements in the popup window, LOADING.... The company paid interest expense of $ 17

Cash flow from assets. Use the data from the following financial statements in the popup window, LOADING.... The company paid interest expense of $ 17 comma 300 for 2017 and had an overall tax rate of 40 % for 2017. Find the cash flow from assets for 2017, and break it into its three parts: operating cash flow, capital spending, and change in net working capital.

Partial Income Statement Year Ending 2017

Sales revenue

$350,100

Cost of goods sold

$142,000

Fixed costs

$43,000

Selling, general, and administrative expenses

$28,200

Depreciation

$46,200

Partial Balance Sheet 12/31/2016

ASSETS

LIABILITIES

Cash

$15,800

Notes payable

$13,800

Accounts receivable

$28,200

Accounts payable

$19,000

Inventories

$48,100

Long-term debt

$190,100

Fixed assets

$368,100

OWNERS' EQUITY

Accumulated depreciation

$141,300

Retained earnings

Intangible assets

$82,100

Common stock

$131,900

Partial Balance Sheet 12/31/2017

ASSETS

LIABILITIES

Cash

$25,900

Notes payable

$11,900

Accounts receivable

$19,100

Accounts payable

$24,200

Inventories

$52,800

Long-term debt

$162,000

Fixed assets

$448,200

OWNERS' EQUITY

Accumulated depreciation

Retained earnings

Intangible assets

$82,100

Common stock

$181,800

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