Consider the following financial statements for Smith Co. Balance Sheet 2019 2020 Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets $5,000 30,000 40,000 $75,000 $6,500 $31,500 $42.000 $80,000 375,000 $450,000 $393,750 $473,750 $50,000 25,000 $75,000 $85,000 $53,750 $26,250 $80,000 $89,250 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock Accumulated retained earings Total Total liabilities and owners' equity $60,000 230,000 $290,000 $450.000 $63.000 241,500 $304,500 $473,750 Income Statement for 2020 Sales COGS Depreciation EBIT Interest EBT Taxes (45%) Net income $400,000 200,000 30,000 $170,000 15,000 $155,000 69,750 $85,250 Calculate the Cash Flow from Assets (CFFA). Does the CF identity hold