From the financial statements shown in problem 1, calculate the AFNWC. YEAR T+1 $5,700.00 Revenues $4,560.00 COGS Gross Profit $1,140.00 Operating Expenses $500.00 $27.00 Depreciation $613.00 EBIT $35.00 Interest Expense $578.00 EBT Taxes $231.20 NI 346.80 0.00 Dividends $346.80 ARE Balance Sheet YEAR T+1 YEAR $714.80 Cash and Equivalents $120.00 $500.00 $500.00 Accounts Receivable Inventory $300.00 $340.00 $1,514.80 Total Current Assets 960.00 Fixed Assets $660.00 $800.00 $227.00 $200.00 Accumulated Depreciation $433.00 Net Fixed Assets $600.00 $1,947.80 $1,560.00 Total Assets $320.00 $300.00 Accounts Payable $40.00 Short-Term Notes Payable $50.00 Accruals $11.00 $10.00 $371.00 $360.00 Total Current Liabilities $750.00 $780.00 Long-Term Debt 1,110.00 $1,151.00 Total Liabilities 120.00 Common Stock $120.00 330.00 $676.80 Retained Earnings $796.80 450.00 Total Shareholders' Equity $ 1,947.80 $1,560.00 Total Liabilities & Shareholders' Equity Statement of Cash Flows For the vear T +1 Operations $346.80 NI $27.00 Add, Depreciation A Account Receivable $0.00 $40.00 Invento A Accounts Payable $20.00 $1.00 Accruals $434.80 Cash flow from operation Investin PP&E $140.00 $140.00 Cash flow from Investing Financin ($10.00) 4 Short term notes payable $30.00 A Long Term debt Dividends $0.00 $20.00 Cash flow from Financing $594.80 Cash Beginning Cash and cash equivalent $120.00 Ending Cash and cash equivalent $714.80