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

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 ______________

2016 Income Statement Sales Costs of goods sold Selling and administrative Depreciation EBIT Interest EBT Taxes Net income Dividends Addition to retained earings $ 573,700 273,940 124.716 54,559 $ 120,485 19 670 $ 100.815 40 326 $ 60.489 $ 11,300 S49,189 $ 9,487 14,491 GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2015 $ 13,490 Accounts payable 18,977 Notes payable 13 811 Current liabilities $ 46,278 Long-term debt $ 344,936 Owner's equity $ 391,214 Total liabilities and owners' equity Cash Accounts receivable Inventory Current assets Net fixed assets Total assets $ 23,978 $ 135,440 $ 231 796 $ 391,214 Cash Accounts receivable Inventory Current assets GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2016 $ 14,476 Accounts payable 21,082 Notes payable 22771 Current liabilities $ 58,329 Long-term debt $ 406,294 Owner's equity $ 464,623 Total liabilities and owners' equity $ 10,529 16.483 $ 27,012 Net fixed assets Total assets $ 153,700 $ 283 911 $ 464,623