Powell Panther Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) Powell Panther Corporation: Balance Sheets as of December 31 (Millions of Dollars) br a minus sagn. a. What was net operating working capial for 2018 and 2019 ? Assume the firm has no excress cash. 2018:$2019:$ b. What was the 2019 iree cash flow? 5. CHow would you explain the large increase in 2019 dividends? 1. The large increase in net incorne from 2018 to 2019 emplains the large incresse in 2019 dividends 11. The large increase in fert from 2010 to 2019 oxplains the lorge increave in 2019 dividends. III. The large increase in sales from 2016 to 2019 explains the large increase in 2019 dividends: F. The larpe increase in retained earnings from 2018 to 2019 explains the large increate in 2019 dividends. V The taroe increase in free cash flow from 2016 to 2019 explains the large increase is 2019 dividends