QUESTION 19 Given the following Financial Information Answer the following question: 2017 Cash 10,000 Accounts Receivable 10,000 Inventory 8,000 Prepald Assets 8,000 Other Assets 7,000 Total Current Assets 43,000 Net PPE 70,000 Intangibles 1,000 Total Assets 114,000 Accounts Payable 10,000 Salary Payable 8,000 Notes Payable 9,000 Total Current Llabilities 27.000 Long-Term Debt 30,000 Total Liabilities 57,000 Common Stock 80,000 Retained Earnings -23,000 total equity 57.000 2018 Sales 1,699,000 COGS 1,087,360 Gross Profit 611,640 SG&A 17,000 Other Operating Expenses 8,000 Depreciation 7.000 Interest 531 Taxes 184,624 Net Income 401,485 dividends 56,208 Calculate Operating Cash Flow (OCF) given a tax rate of 31.50%: o a. $399.258.40 ob. $404,063.40 O c. $424,053.40 d. $415,698.40 2018 373,777 11,000 8,800 8,800 7,700 410,077 50,000 1,000 461,077 11,000 8,800 9,000 28,800 30,000 58,800 80,000 322,277 402,277