Cold Weather Sports, Inc. (CWS) just completed its 2020 fiscal year. During the year, CWS had sales of $10,000 and COGS of $6,000. Interest expense for the period was $500. Assume that CWS pays 30% in taxes and that depreciation expense is $1,200. A list of some balance sheet items for CWS for end of fiscal year 2019 and 2020 is as below. Current Assets Net Long-Term Assets Accounts Payable Notes Payable Other Short-Term Debt Long-Term Debt 2019 2020 $4,000 $5,200 5,000 5,600 600 800 500 600 2,000 2,100 3,000 3,200 1. Based on the information above develop an Income Statement for CWS. Use template below. Cold Weather Sports, Inc. Income Statement As of 12/31/20 Sales Cost of Goods Sold Gross Profit Depreciation Expense Earnings Before Interest & Taxes (EBIT) Interest Expense 1. Based on the information above develop an Income Statement for CWS. Use template below. Cold Weather Sports, Inc. Income Statement As of 12/31/20 Sales Cost of Goods Sold Gross Profit Depreciation Expense Earnings Before Interest & Taxes (EBIT) Interest Expense Earnings Before Taxes Taxes Net Income 2. Based on the information provided above, what is Cold Weather Sports Operating Cash Flow (OCF)? 3. What was the dollar amount of Net Capital Spending during the year for Cold Weather Sports? 4. What is the change in Net Working Capital (NWC) generated by Cold Weather Sports from 2019 to 2020? Make sure to include all current liabilities calculating NWC