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Include equation, thank you Tim Corp's operating results for the year 2020: Sales = $48,072; Cost of goods sold = $37,168; Depreciation expense = $7,759;

Include equation, thank you

Tim Corp's operating results for the year 2020: Sales = $48,072; Cost of goods sold = $37,168; Depreciation expense = $7,759; Interest expense = $4,050; Dividends paid = $3,170. At the beginning of the year, net fixed assets were $32,790, current assets were $9,025, and current liabilities were $5,511. At the end of the year, net fixed assets were $38,053, current assets were $10,904, and current liabilities were $6,261. The tax rate for 2020 was 32 percent.

a. What is net income for 2020? Show how you got your answer by presenting the 2020 income statement.

b. What is the operating cash flow for 2020?

c. What is the cash flow from assets for 2020? Is this possible?

d. If no new debt was issued during 2020, what is the cash flow to creditors? What is the cash flow to stockholders? Explain and interpret the positive and negative signs of your answers in parts (a) through (d).

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