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Graffiti Advertising, Incorporated, reported the following financial statements for the last two years. 2022 Income StatementSales$ 571,200Costs of goods sold273,965Selling & administrative124,721Depreciation54,564EBIT$ 117,950Interest19,560EBT$ 98,390Taxes39,356Net income$

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

2022 Income StatementSales$ 571,200Costs of goods sold273,965Selling & administrative124,721Depreciation54,564EBIT$ 117,950Interest19,560EBT$ 98,390Taxes39,356Net income$ 59,034Dividends$ 10,800Addition to retained earnings48,234GRAFFITI ADVERTISING, INCORPORATEDBalance Sheet as of December 31, 2021Cash$ 13,440Accounts payable$ 9,492Accounts receivable18,982Notes payable14,496Inventory13,806Current liabilities$ 23,988Current assets$ 46,228Long-term debt$ 135,840Net fixed assets$ 344,786Owners' equity$ 231,186Total assets$ 391,014Total liabilities and owners equity$ 391,014GRAFFITI ADVERTISING, INCORPORATEDBalance Sheet as of December 31, 2022Cash$ 14,426Accounts payable$ 10,524Accounts receivable21,087Notes payable16,478Inventory22,766Current liabilities$ 27,002Current assets$ 58,279Long-term debt$ 153,200Net fixed assets$ 406,299Owners' equity$ 284,376Total assets$ 464,578Total liabilities and owners equity$ 464,578
  1. Calculate the operating cash flow.

Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.

  1. Calculate the change in net working capital.

Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.

  1. Calculate the net capital spending.

Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.

  1. Calculate the cash flow from assets.

Note: 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.

  1. Calculate the cash flow to creditors.

Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.

  1. Calculate the cash flow to stockholders.

Note: 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.

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