Graffiti Advertising, Inc., reported the following financial statements for the last two years.

2016 Income Statement
Sales	$	572,200
Costs of goods sold		273,955
Selling and administrative		124,719
Depreciation		54,562
EBIT	$	118,964
Interest		19,604
EBT	$	99,360
Taxes		39,744
Net income	$	59,616
Dividends	$	11,000
Addition to retained earnings	$	48,616

GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2015
Cash	$	13,460		Accounts payable	$	9,490
Accounts receivable		18,980		Notes payable		14,494
Inventory		13,808		Current liabilities	$	23,984
Current assets	$	46,248
				Long-term debt	$	135,680
Net fixed assets	$	344,846		Owner's equity	$	231,430
Total assets	$	391,094		Total liabilities and owners equity	$	391,094

GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2016
Cash	$	14,446		Accounts payable	$	10,526
Accounts receivable		21,085		Notes payable		16,480
Inventory		22,768		Current liabilities	$	27,006
Current assets	$	58,299
				Long-term debt	$	153,400
Net fixed assets	$	406,297		Owner's equity	$	284,190
Total assets	$	464,596		Total liabilities and owners equity	$	464,596

a. Calculate the operating cash flow. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Operating cash flow $ b. Calculate the change in net working capital. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Change in net working capital $ c. Calculate the net capital spending. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Net capital spending $ d. Calculate the cash flow from assets. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Cash flow from assets $ e. Calculate the cash flow to creditors. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Cash flow to creditors $ f. Calculate the cash flow to stockholders. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Cash flow to stockholders $