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

2016 Income Statement
Sales	$	569,200
Costs of goods sold		273,985
Selling and administrative		124,725
Depreciation		54,568
EBIT	$	115,922
Interest		19,472
EBT	$	96,450
Taxes		38,580
Net income	$	57,870
Dividends	$	10,400
Addition to retained earnings	$	47,470

GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2015
Cash	$	13,400		Accounts payable	$	9,496
Accounts receivable		18,986		Notes payable		14,500
Inventory		13,802		Current liabilities	$	23,996
Current assets	$	46,188
				Long-term debt	$	136,160
Net fixed assets	$	344,666		Owner's equity	$	230,698
Total assets	$	390,854		Total liabilities and owners equity	$	390,854

GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2016
Cash	$	14,386		Accounts payable	$	10,520
Accounts receivable		21,091		Notes payable		16,474
Inventory		22,762		Current liabilities	$	26,994
Current assets	$	58,239
				Long-term debt	$	152,800
Net fixed assets	$	406,303		Owner's equity	$	284,748
Total assets	$	464,542		Total liabilities and owners equity	$	464,542

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 $