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	$	568,200
Costs of goods sold		273,995
Selling & administrative		124,727
Depreciation		54,570
EBIT	$	114,908
Interest		19,428
EBT	$	95,480
Taxes		38,192
Net income	$	57,288
Dividends	$	10,200
Addition to retained earnings	$	47,088

GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2013
Cash	$	13,380	Accounts payable	$	9,498
Accounts receivable		18,988	Notes payable		14,502
Inventory		13,800
			Current liabilities	$	24,000
Current assets	$	46,168	Long-term debt	$	136,320
Net fixed assets	$	344,606	Owner's equity	$	230,454
Total assets	$	390,774	Total liabilities and owners equity	$	390,774

GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2014
Cash	$	14,366	Accounts payable	$	10,518
Accounts receivable		21,093	Notes payable		16,472
Inventory		22,760
			Current liabilities	$	26,990
Current assets	$	58,219	Long-term debt	$	152,600
Net fixed assets	$	406,305	Owner's equity	$	284,934
Total assets	$	464,524	Total liabilities and owners equity	$	464,524

Requirement 1:

Calculate the operating cash flow.

Operating cash flow

$

Requirement 2:

Calculate the change in net working capital.

Change in net working capital

$

Requirement 3:

Calculate the net capital spending.

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.)

Cash flow from assets

$

Requirement 5:

Calculate the cash flow to creditors.

Cash flow to creditors

$

Requirement 6:

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

Cash flow to stockholders

$

References

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