have determined that the only financing done by the firm was to issue long-term debt of $1 million at a 6% interest rate. What was the firm's end-of-year cash balance? Recreate the firm's cash flow statement to arrive at your answer. FREE CASH FLOW Arlington Corporation's financial statements (dollars and shares are in millions) are provided here. 3-14 Balance Sheets as of December 31 2019 2018 $ 14,000 30,000 $ 15,000 35,000 33,320 $ 83,320 48,000 $131,320 27,000 $ 71,000 46,000 $ 117,000 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock (4,000 shares) Retained earnings Common equity Total liabilities and equity $ 10,100 8,000 7,000 $ 25,100 20,000 $ 45,100 40,000 46,220 $ 86,220 $131,320 $ 9,000 6,000 5,050 $ 20,050 20,000 $ 40,050 40,000 36,950 $ 76,950 $ 117,000 Income Statement for Year Ending December 31, 2019 Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization EBIT Interest EBT Taxes (25%) Net income Dividends paid $210,000 160,000 $ 50,000 6,000 $ 44,000 5,350 $ 38,650 9,663 $ 28,988 $ 19,718 al Concepts in Financial Management a. What was net operating working capital for 2018 and 2019? Assume that all cash is excess cash; i.e., this cash is not needed for operating purposes. b. What was Arlington's 2019 free cash flow? Construct Arlington's 2019 statement of stockholders' equity. d. What was Arlington's 2019 EVA? Assume that its after-tax cost of capital is 10% What was Arlington's MVA at year-end 2019? Assume that its stock price at December 31, 2019 was $25. c. e. 15 INCOME STATEMENT Edmonde Industrin foracting the following income statement