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Denali Inc shows the following information on its 2019 statement of comprehensive income: ACCOUNT BALANCE Sales $ 440,000 Costs 225,000 Depreciation expense 25,400 Other Expenses
Denali Inc shows the following information on its 2019 statement of comprehensive income: ACCOUNT BALANCE Sales $ 440,000 Costs 225,000 Depreciation expense 25,400 Other Expenses 14,300 Interest expense 16,000 Taxes 26,000 Dividends 22,000 We were also given the following additional information: New equity issued in the year: $5,800 Long Term Debt balance at the beginning of the year: $130,800 Long Term Debt balance at the end of the year: $126,000 REQUIRED a) Calculate 2019 Operating Cash Flows (OCF) b) Calculate 2019 Cash Flows to Creditors (CFC) c) Calculate 2019 Cash Flows to Shareholders (CFS) For each of these calculations be sure to show your work
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