Graffiti Advertising, Inc.,reported the following financial statements for the last twoyears. (Enter your answer as directed, but do notround intermediate calculations.)

2014 Income Statement
Sales	$	573,700
Costs of goodssold		273,940
Selling &administrative		124,716
Depreciation		54,559
EBIT	$	120,485
Interest		19,670
EBT	$	100,815
Taxes		40,326
Net income	$	60,489
Dividends	$	11,300
Addition to retainedearnings	$	49,189

GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2013
Cash	$	13,490	Accountspayable	$	9,487
Accountsreceivable		18,977	Notespayable		14,491
Inventory		13,811
			Currentliabilities	$	23,978
Current assets	$	46,278	Long-termdebt	$	135,440
Net fixedassets	$	344,936	Owner'sequity	$	231,796
Total assets	$	391,214	Total liabilitiesand owners’ equity	$	391,214

GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2014
Cash	$	14,476	Accountspayable	$	10,529
Accountsreceivable		21,082	Notes payable		16,483
Inventory		22,771
			Currentliabilities	$	27,012
Current assets	$	58,329	Long-term debt	$	153,700
Net fixedassets	$	406,294	Owner's equity	$	283,911
Total assets	$	464,623	Total liabilities andowners’ equity	$	464,623

Requirement1:

Calculate the operating cash flow.

Operating cashflow

$

Requirement2:

Calculate the change in net working capital.

Change in networking capital

$

Requirement3:

Calculate the net capital spending.

Net capitalspending

$

Requirement4:

Calculate the cash flow fromassets. (Do not include the dollarsign ($). Negative amount should be indicatedby a minus sign.)

Cash flow fromassets

$

Requirement5:

Calculate the cash flow to creditors.

Cash flow tocreditors

$

Requirement6:

Calculate the cash flow tostockholders. (Negative amount shouldbe indicated by a minus sign.)

Cash flow tostockholders

$