JA G my you 23. Net Fixed Assets and Depreciation (L03) On the statement of financial position, the net fixed assets (NFA) account is equal to the gross fixed assets (FA) account (which records the acquisition cost of fixed assets) minus the accumulated depreciation (AD) account (which records the total depreciation taken by the firm against its fixed assets). Using the fact that NFA = FA-AD. show that the expression given in the chapter for net capital spending NFAend - NFAber +D (where D is the depreciation expense during the year), is equivalent to FAend - Faber Use the following information for Clarington Inc for Problems 24 and 2s (assume the tax rate is 34%) 2017 2018 Sales $11,573 $12.936 Depreciation 1,661 1,736 Cost of goods sold 3.979 4,707 Other expenses 946 824 Henile 776 Interest 926 6,067 Cash 6,466 8,034 9.427 Accounts receivable 1,171 1,147 Short-term notes payable M 20,320 24.696 Long term debt 50.888 34.273 Net fixed assets 4.384 4.644 Accounts payable 14.283 15.288 Inventory Jasmeen 1.41 1.618 Dividends 24. Financial Statements (LOI) Draw up a statement of comprehensive income and a statement of financial position for this company for 2017 and 2018 25. Calculating Cash Flow (LO3) For 2018, calculate the cash flow from assetsenstow to creditors, and cash flow to sharellolders ASUS VivoBook P Endita 410 Post pic 411 ES Home FOIR f7 15 0