Graffiti Advertising, Incorporated, reported the following financial statements for the last two years. 2022 Income Statement Sales $ 570,700 Costs of goods sold 273,970 Selling & administrative 124,722 Depreciation 54,565 EBIT $ 117,443 Interest 19,538 EBT $ 97,905 Taxes 39,162 Net income $ 58,743 Dividends $ 10,700 Addition to retained earnings 48,043 GRAFFITI ADVERTISING, INCORPORATED Balance Sheet as of December 31, 2021 Cash $ 13,430 Accounts payable $ 9,493 Accounts receivable 18,983 Notes payable 14,497 Inventory 13,805 Current liabilities $ 23,990 Current assets $ 46,218 Long-term debt $ 135,920 Net fixed assets $ 344,756 Owners' equity $ 231,064 Total assets $ 390,974 Total liabilities and owners equity $ 390,974 GRAFFITI ADVERTISING, INCORPORATED Balance Sheet as of December 31, 2022 Cash $ 14,416 Accounts payable $ 10,523 Accounts receivable 21,088 Notes payable 16,477 Inventory 22,765 Current liabilities $ 27,000 Current assets $ 58,269 Long-term debt $ 153,100 Net fixed assets $ 406,300 Owners' equity $ 284,469 Total assets $ 464,569 Total liabilities and owners equity $ 464,569

a. Calculate the operating cash flow.

b. Calculate the change in net working capital.

c. Calculate the net capital spending.

d. Calculate the cash flow from assets.

e. Calculate the cash flow to creditors.

f. Calculate the cash flow to stockholders.

a. Operating cash flow

b. Change in net working capital

c. Net capital spending

d. Cash flow from assets

e. Cash flow to creditors

f. Cash flow to stockholders