Quarles Industries had the following operating results for 2015: sales = $28,000; cost of goods sold = $19,660; depreciation expense = $5,180; interest expense = $2,490; dividends paid = $1,350. At the beginning of the year, net fixed assets were $17,180, current assets were $5,840, and current liabilities were $3,360. At the end of the year, net fixed assets were $20,560, current assets were $7,000, and current liabilities were $3,960. The tax rate for 2015 was 30 percent.

a.	What is net income for 2015? (Do not round intermediate calculations.)

Net income

$

b.	What is the operating cash flow for 2015? (Do not round intermediate calculations.)

Operating cash flow

$

c.	What is the cash flow from assets for 2015? (Do not round intermediate calculations. Negative amount should be indicated by a minus sign.)

Cash flow from assets

$

d-1	If no new debt was issued during the year, what is the cash flow to creditors? (Do not round intermediate calculations.)

Cash flow to creditors

$

d-2	If no new debt was issued during the year, what is the cash flow to stockholders? (Do not round intermediate calculations. Negative amount should be indicated by a minus sign.)

Cash flow to stockholders

$