Cash flow from assets.Use the data from the following financial statements in the popup window,

The company paid interest expense of $18,500 for 2014 and had an overall tax rate of 40%

for 2014. Find the cash flow from assets for 2014, and break it into its three parts: operating cash flow, capital spending, and change in net working capital.

OCF:

Capital Spending:

Change in net working capital:

Partial Income Statement Year Ending 2014
Sales revenue	$350,200
Cost of goods sold	$141,800
Fixed costs	$43,100
Selling, general, and administrative expenses	$28,000
Depreciation	$45,800

Partial Balance Sheet 12/31/2013
ASSETS		LIABILITIES
Cash	$15,800	Notes payable	$13,900
Accounts receivable	$27,900	Accounts payable	$19,100
Inventories	$47,900	Long-term debt	$190,000
Fixed assets	$368,000	OWNERS' EQUITY
Accumulated depreciation	$143,600	Retained earnings
Intangible assets	$82,000	Common stock	$132,000

Partial Balance Sheet 12/31/2014
ASSETS		LIABILITIES
Cash	$26,100	Notes payable	$12,100
Accounts receivable	$19,200	Accounts payable	$24,200
Inventories	$52,800	Long-term debt	$162,100
Fixed assets	$448,100	OWNERS' EQUITY
Accumulated depreciation		Retained earnings
Intangible assets	$82,000	Common stock	$182,000