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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

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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 Income Statement Sales 568,200 $ 273,995 Costs of goods sold Selling & administrative Depreciation 124,727 54,570 EBIT Interest $ 114,908 19,428 EBT Taxes $ 95,480 38,192 Net income $ 57,288 Dividends Addition to retained earnings $ 10,200 $ 47,088 GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2013 Cash $ 13,380 Accounts payable Accounts receivable 18,988 Notes payable Inventory 13,800 Current liabilities Current assets $ 46,168 Long-term debt $ 9,498 14,502 $ 24,000 136,320 $ Net fixed assets $344,606 Owner's equity $ 230,454 Total assets Total liabilities $ 390,774 and owners' equity $ 390,774 GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2014 Cash $ 14,366 Accounts payable Accounts receivable 21,093 Notes payable Inventory 22,760 Current liabilities $ 10,518 16,472 26,990 $ 22,UU Current liabilities $ 26,990 Current assets $ 152.600 $ 58,219 Long-term debt 4406,305 Owner's equity Net fixed assets $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 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: cach flow to creditore 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 $

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