I underline what need to be done a,b an c

note balance sheet is not given

damental Concepts in Financial Management Income Statement for Year Ending December 31, 2014 $214,000 Sales 170,000 Operating costs excluding depreciation and amortization $ 44,000 EBITDA 5.000 Depreciation & amortization $ 39,000 EBIT 1,750 Interest EBT $ 37,250 Taxes (40%) 14,900 Net Income $ 22,350 Dividends paid $ 11,175 What was net operating working capital for 2013 and 2014? b. What was Bailey's 2014 free cash flow? c. Construct Bailey's 2014 statement of stockholders' equity. What was Bailey's 2014 EVA? Assume that its after-tax cost of capital is 10%. e. What was Bailey's MVA at year-end 2014? Assume that its stock price at December 31, 2014 was $20 3-14 INCOME STATEMENT Hermann Industries is forecasting the following income statement: Sales $8,000,000 Operating costs excluding depreciation & amortization 4,400,000 EBITDA $3,600,000 Depreciation and amortization 800,000 EBIT $2,800,000 Interest 600,000 EBT $2,200,000 880,000 $1,320,000 Taxes (40%) Net Income The CEO would like to