Graffiti Advertising, Inc., reported the following financial statements for the last two years. 2019 Income Statement Sales 572,200 Costs of goods sold 273,955 Selling & administrative 124,719 Depreciation 54,562 EBIT Interest $ 118,964 19,604 EBT Taxes $ 99,360 39,744 Net income $ 59,616 Dividends Addition to retained earnings $ 11,000 $ 48,616 GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2018 Cash $ 13,460 Accounts payable Accounts receivable 18,980 Notes payable Inventory 13,808 Current liabilities Current assets $ 46,248 Long-term debt $ 9,490 14,494 $23,984 $ 135,680 231,430 $ Net fixed assets $344,846 Owners' equity Mining Company Rer X to.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchurl=https%253A%252F%252Fims.mheduc ork 1 Saved $ 9,490 14,494 GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2018 Cash $ 13,460 Accounts payable Accounts receivable 18,980 Notes payable Inventory 13,808 Current liabilities Current assets $ 46,248 Long-term debt Net fixed assets $344,846 Owners' equity $23,984 $ 135,680 $ 231,430 Total assets 391,094 $ 391,094 Total liabilities and owners' equity ces $ 10,526 16,480 GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2019 Cash $ 14,446 Accounts payable Accounts receivable 21,085 Notes payable Inventory 22,768 Current liabilities Current assets $58,299 Long-term debt Net fixed assets Owners' equity $ 27,006 $ 153,400 284,190 $ 406,297 $ Total assets $ 464,596 Total liabilities and owners' equity $ 464,596 date the nerating cash flow. (Do not round intermediate calculations and Saved 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.) 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.) c. Calculate the net capital spending. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) 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.) e. Calculate the cash flow to creditors. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) 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.) a. Operating cash flow b. Change in net working capital c. Net capital spending d. Cash flow from assets Cash flow to creditors f. Cash flow to stockholders e