Powell Panther Corporation: Balance Sheets as of December 31 (millions or aollars) ,000,000. Round your answers Write out your answers completely. For example, 25 million should be entered as 25,000,000. Round your answers to the nearest dollar, if necessary. Negative values, I any, thould be in 3. What was net operating working capital for 2020 and 20217 Assume the fim has no excess cash. 2020is 2021:5 b. What was the 2021 free cash fow? 5 c. How would you explain the large increase in 2021 dividends? 1. The Large increase in free cash flow from 2020 to 2021 explains the large increase in 2021 dividends: II. The large increase in net inceme from 2020 to 2021 expiains the large increase in 2021 didends. III. The large increase in CBIT from 2020 to 2021 explains the large increase in 2021 dividends: W. The large increase in sales from 2020 to 2021 explains the farge increase in 2021 dividends. v. The large increase in reta ned eamings fram 2020 to 2021 explains the large increase in 2021 dividends