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

2016 Income Statement
Sales	$	573,200
Costs of goods sold		273,945
Selling and administrative		124,717
Depreciation		54,560
EBIT	$	119,978
Interest		19,648
EBT	$	100,330
Taxes		40,132
Net income	$	60,198
Dividends	$	11,200
Addition to retained earnings	$	48,998

GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2015
Cash	$	13,480		Accounts payable	$	9,488
Accounts receivable		18,978		Notes payable		14,492
Inventory		13,810		Current liabilities	$	23,980
Current assets	$	46,268
				Long-term debt	$	135,520
Net fixed assets	$	344,906		Owner's equity	$	231,674
Total assets	$	391,174		Total liabilities and owners equity	$	391,174

GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2016
Cash	$	14,466		Accounts payable	$	10,528
Accounts receivable		21,083		Notes payable		16,482
Inventory		22,770		Current liabilities	$	27,010
Current assets	$	58,319
				Long-term debt	$	153,600
Net fixed assets	$	406,295		Owner's equity	$	284,004
Total assets	$	464,614		Total liabilities and owners equity	$	464,614

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 $