Create an income statement and balance sheet for 2017 for Klein Manufacturing from the following information (you may use Excel if that makes it easier): [8 pts.] -Cash -Accounts Receivable $500 20% ofNet Sales 1506 20% of Cost of Goods Sold $800 $2,900 $22,000 $4,000 $10,000 $7,500 40% of Total Revenue 3,600 S1,200 $1,000 8% of Long-term Debt 320 25% of Taxable Income Accounts Payable Notes Payable -Inventory -Gross Plant & Equipment -Long-term Debt -Common Stock Net Sales Cost of Goods Solod Depreciation Expense Other Operating Expenses -mterest Expense Income Taxes Since I didn't give you retained earnings, you will need to calculate it. Retained earnings wil be the amount necessary to balance your balance sheet. Since you know total liabilities and 22,7 equity must equal total assets, start with total assets, then subtract the liabilities and equity you know. In addition, accumulated depreciation for 2016 was $6,000. a. What is the firm's operating cash flow for 2017? [2 pts.] 1,925 (25400-935 spending for 2017 (i.e., Agross fixed assets)? [1 pts.] 2,ou If Klein's current assets for 2016 were $4,750 and current liabilities for 2016 were $1,750 b. If gross plant & equipment for 2016 was $20,000, what is the amount of the net capital c. what is the change in the net working capital from 2016 to 2017? [2 pts.] 500 What is Klein's free cash flow for 2017? [2 pts.] CF CS d. 25