Powell Panther Corporation: Income Statements for Year Ending December 31 (millions of dollars) rs) Write out your answers completoly. For example, 25 milion shoudd be entered as 25,000,000. Round your answers to the nearest dollar, if necessary. Negative vatues; If atty, should be indicated by a minus sign. a. What was net operating working capital for 2020 and 20217 Assume the firm has no excess cash. 2020:52021:5 b. What was the 2021 free cash flow? 4 c. How would you explain the large increase in 2021 dingends? 1. The Sarge increase in net income from 2020 to 2021 explains the large increase ln 2021 divisenids. 11. The large increase in free cash flow fron 2020 to 2021 emplains the large incrensn in 2021 dividends. III. The large increase in E8IT from 2020 to 2071 explains the farge increase in 2021 divdends: 1V. The large increase in sales from 2020 to 2021 explains the large increate in 2021 tividends. V. The large increase in retalned eamings from 2020 to 2021 explairs the farge increase in 2021 dividends