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Lewis Manufacturing had the following operating results for 2020: sales = $60,000; cost of goods sold = $33,500; depreciation expense = $4,250; interest expense =

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Lewis Manufacturing had the following operating results for 2020: sales = $60,000; cost of goods sold = $33,500; depreciation expense = $4,250; interest expense = $1,080; dividends paid = $4,500. At the beginning of the year, net fixed assets were $21,800, current assets were $4,900, and current liabilities were $3,400. At the end of the year, net fixed assets were $28,600, current assets were $4,200, and current liabilities were $3,000. The tax rate for 2020 was 21 percent. a. What is net income for 2020? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b.What is the operating cash flow for 2020? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. What is the cash flow from assets for 2020? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) d.Assume no new debt was issued during the year. What is the cash flow to creditors during 2020? What is the cash flow to stockholders? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your --- AL--------- AN

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