Hello the first picture must be used to get the answers for the second picture, they complete each other. In the second picture however, I don't know if my calculations are right and I don't know how to find the Net New Long-Term Debt. Please let me know the formula to use in the inputs to get the answer for that and if there is anything wrong with my original calculations do tell me what the correct formula is depending on the input. Thanks a bunch, just want to understand and learn :))!

Output area: $ Income Statement Sales Costs Administrative and selling expenses Depreciation expense EBIT Interest expense EBT Taxes a) Net income $ 2,275,000 1,285,000 535,000 420,000 35,000 245,000 (210,000) (44,100) (165,900) $ $ b) Operating cash flow $ 254,100 C) Net income was negative because of the tax deductibility and interest expense. However, the actual cash flow from operations was positive because depreciation is a non-cash expense and interest is a financing, not an operating, expense. Input area: From Problem 18: Operating Cash Flow Interest $ $ 254,100 245,000 UA New information: Cash dividend New investment in net fixed income New investment in net working capital New stock issued during year Net capital spending Net new equity 370,000 0 0 0 O O Output area: $ Cash flow from assets Cash flow to stockholders Cash flow to creditors 254,100 370,000 245,000 Net new long-term debt A firm can still pay out dividends if net income is negative; it just has to be sure there is sufficient cash flow to make dividend payments