Cash flow identity. Use the data from the following financial statements in the popup window. The company paid interest expense of $18,000 for 2014 and had an overall tax rate of 40% for 2014. Verify the cash flow identity.

Cash flow from assets = cash flow to creditors + cash flow to owners.

a) The cash flow from assets is $???? (round to the nearest dollar)

Partial Income Statement Year Ending 2014 Sales revenue $350,000 Cost of goods sold $140,000 Fixed costs $43,000 $28,000 Selling, general, and administrative expenses Depreciation $46,000 Partial Balance Sheet 12/31/2013 ASSETS LIABILITIES Cash $14,000 $16,000 Notes payable $28,000 Accounts payable Accounts receivable $19,000 Inventories $190,000 $48,000 Long-term debt $368,000 OWNERS' EQUITY Fixed assets Accumulated depreciation $142,000 Retained earnings $82,000 Common stock Intangible assets $130,000 Partial Balance Sheet 12/31/2014 ASSETS LIABILITIES Cash Accounts receivable $26,000 Notes payable $19,000 Accounts payable $53,000 Long-term debt $448,000 OWNERS' EQUITY $12,000 $24,000 $162,000 Inventories Fixed assets Accumulated depreciation Retained earnings Intangible assets $82,000 Common stock $180,000