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Cash Flow Identity. Graffiti Advertising, Inc., reported the following fina statements for the last two years. Construct the cash flow identity for the con Explain

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Cash Flow Identity. Graffiti Advertising, Inc., reported the following fina statements for the last two years. Construct the cash flow identity for the con Explain what each number means. GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2013 Cash Accounts receivable Inventory Current assets Net fixed assets Total assets \$ 14,652 20,893 15,173 S 50,718 $378,869 $429,587 Accounts payable Notes payable Current liabilities Long-term debt Owners' equity Total liabilities and owners' equity S 10,535 26,39315,858 $150,500 $252,694 $429,587 GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2014 Cash Accounts receivable Inventory Current assets Net fixed assets Total assets S 15,737 23,209 $63,97525,029 $446,942 $510,917 Accounts payable Notes payable Current liabilities Long-term debt Owners' equity Total liabilities and owners' equity S 11,563 $29,67618,113 $167,200 $314,041 $510,917

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