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Here are the financial results for Springer's corporation in 2020: Sales were $45,000, cost of goods sold was $36,000, the company's assets depreciated by $5,000

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Here are the financial results for Springer's corporation in 2020: Sales were $45,000, cost of goods sold was $36,000, the company's assets depreciated by $5,000 and the company paid $500 in interest. Also, for 2020 net fixed assets were $29,000 while current assets were $10,000 and current liabilities were $5,500. These are the values for 2019: net fixed assets = $25,500, current assets = $8,800 and current liabilities = $5,000. The tax rate is 35%. Required: 1. What is net income for 2020? (3 marks) 2. What is the operating cash flow for 2020? (2 marks) 3. What is the cash flow from assets for 2020? How do you interpret this result? (6 marks) 4. What is the cash flow to shareholders? (2 marks)

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