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Graffiti Advertising, Inc., reported the following financial statements for the last two years. (Enter your answer as directed, but do not round intermediate calculations.) 2014

Graffiti Advertising, Inc., reported the following financial statements for the last two years. (Enter your answer as directed, but do not round intermediate calculations.) 2014 Income Statement Sales $ 565,200 Costs of goods sold 274,025 Selling & administrative 124,733 Depreciation 54,576 EBIT $ 111,866 Interest 19,296 EBT $ 92,570 Taxes 48,137 Net income $ 44,433 Dividends $ 9,600 Addition to retained earnings $ 34,833 GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2013 Cash $ 13,320 Accounts payable $ 9,504 Accounts receivable 18,994 Notes payable 14,508 Inventory 13,794 Current liabilities $ 24,012 Current assets $ 46,108 Long-term debt $ 136,800 Net fixed assets $ 344,426 Owner's equity $ 229,722 Total assets $ 390,534 Total liabilities and owners equity $ 390,534 GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2014 Cash $ 14,306 Accounts payable $ 10,512 Accounts receivable 21,099 Notes payable 16,466 Inventory 22,754 Current liabilities $ 26,978 Current assets $ 58,159 Long-term debt $ 152,000 Net fixed assets $ 406,311 Owner's equity $ 285,492 Total assets $ 464,470 Total liabilities and owners equity $ 464,470 Requirement 1: Calculate the operating cash flow,

Requirement 2:

Calculate the change in net working capital.

Requirement 3:

Calculate the net capital spending.

Requirement 4:

Calculate the cash flow from assets. (Do not include the dollar sign ($). Negative amount should be indicated by a minus sign.)

Requirement 5:

Calculate the cash flow to creditors.

Requirement 6:

Calculate the cash flow to stockholders. (Negative amount should be indicated by a minus sign.)

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