is my answers correct?

The ABC firm shows the following information for 2019: revenues of $80,000, cost of goods sold of $22,000, interest expense of $4,000, depreciation of $3,500, dividends paid of $2,100, Question 1 and selling and administrative expenses of $7,000. Assume the tax rate is 20 percent. If the retained earnings on December 31, 2018 was 20,000, find: a) EBIT 80,000 - 22000 - 7000 - 3500 - 47500 b) Retained earnings on December 31, 2019? RE=RE Previous + NI-DIV Year NI - EBIT = 47500 Interest - 4000 - Tax = 2000 0.20 - 4000 39500 20000 +39500 - 2100 - 57400 XYZ firm's accountants prepared the following financial statement for year-end 2019: Question 3 XYZ Income Statement 2019 Sales Revenues $1,509 Cost of goods sold 550 Admin. and selling Expenses 200 Depreciation 65 70 Interest paid Current tax expense Dividends paid 212 $103 The Balance Sheet as December 2018 2019 Assets Cash $104 $160 Other Current Assets 1,008 1,243 1,614 1,709 $2,756 $3,112 Net total Fixed Assets Total Assets Liabilities and Equity Account Payables Long-term debts Common stock and paid-in surplus Retained Earnings Total Liabilities and Equity $428 $389 408 454 600 640 1,320 $2,756 1,629 $3,112 Answer the following questions: a) Determine the cash flow generated by the firm's assets during 20197 Operating Income Capital Spending Sales 1509 -CGS 550 - ASE 200 Depreciation 65 EBIT + Depreciation -Current tax NWC: Current Assets- End total FA- Current liabilities Begging total FA+ To get Current Assets Depretation We Will Subtract TA-Net Tohal 3112--2756 +65 Foed assets =-421 3112 - 1709 - 1403 it's negative because (2019 403-389= 1014 694 65 212 Oporating Income = 538 CAM 2018 0 11 12 - 428 = 684 = 1014 - 684-330 538+(421) +(330) = -213 b) In the accounting statement of cash flows, what is the cash flow from operating activities? Operation Activity = NI + Depretiation + deffered Tax EBIT 694 412 + 65+ 0 = 477 *- Intrest paid 70 Current tax expense 22212 NI, = 412