Page 2 of 11 Q1) 15 marks For 2020, calculate the cash flow from assets, cash flow to creditors, and cash flow to shareholders. And show that the cash flow identity holds. Assume the tax rate is 34%. Sales Depreciation Cost of goods sold Other expenses Interest Cash Account receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 2019 10,500 1,500 3,500 900 700 6,000 8,034 1,100 20,000 50,000 4,500 15,000 1,500 2020 14,300 780 5,000 800 1,000 6,466 8,400 1,000 25,000 50,000 4,500 15,000 1,500