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Please show all steps and explain thank you. 09. (5 points) Based on the following financial statements, compute the firm's (i) net capital spending, (ii)

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Please show all steps and explain thank you.

09. (5 points) Based on the following financial statements, compute the firm's (i) net capital spending, (ii) changes in net working capital and (iii) cash flows to creditors for 2020. Assume the dividends in 2020 = $180,000. Sales Cost of Goods Sold Depreciation Expense Selling & Admin Expense EBIT Interest Expense Earnings Before Taxes Taxes Net Income Total Current Assets Net Fixed Assets Total assets Total Current Liabilities Long-term debt Total Liabilities Total Equity Total Liabilities & Equity 2020 $ 1,121,676 616,914 21,180 3,300 480,282 4,080 476,202 176,194 300,008 2019 $ 900,000 495,000 18,585 2,880 383,535 3,240 380,295 133,103 247,192 187,568 130,740 318,308 156,300 30,900 187,200 61,206 42,690 103,896 59,106 33,690 92,796 214,412 94,404 187,200 318,308

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