Cash Flow Identity Problem. W-Panic Enterprises, Inc. (WPEI) shows the following balance sheet and income statement information. Assume an average tax rate of 30% for WPEL Balance Sheet 2009 2010 Income Stmt. 2010 Assets Sales $14,000 Current Assets $3,100 $3,200 - Operating Exp's -$5,800 Net Fixed Assets $5,400 $6,300 - Depreciation Exp. -$1,100 Liabilities Operating Income $7,100 Current Liabilities $2,600 $2,750 - Interest Exp. -S700 Long-term Debt $2,800 $2,250 Taxable Income Common Stock - Tax Expense Retained Earnings Net Income - Dividend Exp. -3480 (x) Calculate Total Assets for 2009 and 2010. (y) Calculate Total Liab's for 2009 and 2010. (z) Calculate Owners' Equity for 2009 and 2010. (a) What is the ANet Working Capital from 2009 to 2010? (b) What is the Net Capital Spending in 2010? (c) What is the Operating Cash Flow in 2010? (d) What is the Cash Flow from Assets for 2010? (e) What is the Cash Flow to Creditors for 2010? () What is the Cash Flow to Stockholders for 2010? (This item requires a lot of careful thinking.) (g) Verify that the Cash Flow Identity holds