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Given the following information, calculate operating cash flows: Sales Cost of Goods Sold Operating Expenses Depreciation EBIT Interest Expense Income before Tax Taxes (34%) Net

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Given the following information, calculate operating cash flows: Sales Cost of Goods Sold Operating Expenses Depreciation EBIT Interest Expense Income before Tax Taxes (34%) Net Income 2008 700,000 340,000 150,000 90,000 120,000 20,000 100,000 34,000 66,000 Assets Cash Accounts Receivable Inventory Total Current Assets 2008 16,000 28,000 26,000 70,000 2007 16,000 24,000 28,000 68,000 Liabilities Accounts Payable Accrued Expenses Total Current Liabilities Long-term debt 2008 12,000 18,000 30,000 2007 11,000 25,000 36,000 190,000 178,000 Net Fixed Assets 500,000 430,000 Total Assets 570,000 498,000 Equity Total Liabilities & SE 350,000 570,000 284.000 498,000 Enter the operating cash flow (nearest dollar)

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