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Cash flow from assets. Use the data from the following financial statements in the popup window, The company paid interest expense of $17,700 for 2017

Cash flow from assets. Use the data from the following financial statements in the popup window, The company paid interest expense of $17,700

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.

The operating cash flow is: (Round to the nearest dollar.)

The capital spending is (Round to the nearest dollar.)

The change in net working capital is (Round to the nearest dollar.)

Partial Income Statement Year Ending 2017

Sales revenue

$350,000

Cost of goods sold

$142,000

Fixed costs

$43,000

Selling, general, and administrative expenses

$28,200

Depreciation

$46,000

Partial Balance Sheet 12/31/2016

ASSETS

LIABILITIES

Cash

$15,900

Notes payable

$14,200

Accounts receivable

$28,200

Accounts payable

$19,000

Inventories

$47,800

Long-term debt

$190,200

Fixed assets

$367,800

OWNERS' EQUITY

Accumulated depreciation

$140,000

Retained earnings

Intangible assets

$81,800

Common stock

$131,900

Partial Balance Sheet 12/31/2017

ASSETS

LIABILITIES

Cash

$25,800

Notes payable

$11,900

Accounts receivable

$18,900

Accounts payable

$24,200

Inventories

$52,800

Long-term debt

$162,200

Fixed assets

$448,100

OWNERS' EQUITY

Accumulated depreciation

Retained earnings

Intangible assets

$81,800

Common stock

$181,800

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