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Font IN Paragraph Graffiti Advertising, Inc., reported the following financial statements for the last two years. 2019 Income Statement Sales $ 750,727 Costs of goods

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Font IN Paragraph Graffiti Advertising, Inc., reported the following financial statements for the last two years. 2019 Income Statement Sales $ 750,727 Costs of goods sold 430,821 Selling & administrative 165,676 Depreciation 72.489 EBIT Interest $ 81,741 25,630 EBT Taxes $ 56,111 14,028 Net income $ 42,083 Dividends Addition to retained earnings $ 14,200 $ 27,883 Cash Accounts receivable Inventory GRAFFITI ADVERTISING INC. Balance Sheet as of December 31, 2018 $17.691 Accounts payable 25,228 Notes payable 18,321 Current liabilities $ 61,240 Long-term debt $ 457,454 Owners' equity $ 12,721 19,149 Current assets Net fixed assets S 31,870 S 181 000 $ 305,824 Total assets $ 518,694 Total Habilities and owners equity S 518 694 Cash Accounts receivable Inventory GRAFFITI ADVERTISING INC Balance Sheet as of December 31, 2019 $ 19,003 Accounts payable $ 13,962 28.025 Notes payable 21,872 30.222 Current liabilities S 35,834 S 77 250 Long-term debt $ 201,900 $ 539,679 Owners' equity $ 379,195 $ 616,929 Total liabilities and owners' equity S 616 929 Current assets Net fixed assets Total assets a. Calculate the operating cash flow b. Calculate the change in net working capital C. Calculate the net capital spending d. Calculate the cash flow from assets e Calculate the cash flow to creditors

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