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Nanticoke Industries had the following operating results for 2018: sales $30,420; cost of goods sold = $20,060; depreciation expense = $5,500; interest expense = $2,940;

Nanticoke Industries had the following operating results for 2018: sales $30,420; cost of goods sold = $20,060; depreciation expense = $5,500; interest expense = $2,940; dividends paid = $1,750. At the beginning of the year, net assets were $17,410, current assets were $5,920, and current liabilities were $3,475. At the end of the year, net fixed assets were $20,960, current assets were $7,390, and current liabilities were $4,050. The tax rate for 2018 was 30 %.

a. What is net income for 2018? (Negative answers should be indicated by a minus sign. Omit $ sign in your response.)

Net income $

b. What is the operating cash flow for 2018? (Negative answers should be indicated by a minus sign. Omit $ sign in your response.)

Operating cash flow $

c. What is the cash flow from assets for 2018? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.)

Cash flow from assets $

d. If no new debt was issued during the year, what is the cash flow to creditors? What is the cash flow to shareholders? (Negative answers should be indicated by a minus sign. Omit $ sign in your response.)

Cash flow to creditors $
Cash flow to shareholders $

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