Shinra Electric Power Company has the tollowing Income statement and balance sheet tor $\begin{array}{cc}\text{T}\text{a}\text{x}\text{E}\text{x}\text{p}\text{e}\text{n}\text{s}\text{e}\text{@}22\%& ?\\ \text{N}\text{e}\text{t}\text{I}\text{n}\text{c}\text{o}\text{m}\text{e}& ?\end{array}$

$1988$ Balance Sheet

$\backslash$table$[[$Year$,1987,1988,,1987,1988],[\backslash$table$[[$Current$],[$Assets$]],17742,16587,\backslash$table$[[$Current$],[$Liabilities$]],12984,14079],[\backslash$table$[[$Fixed$],[$Assets$]],148511,174318,\backslash$table$[[$Long$-],[$Term$],[$Debt$]],132450,142632],[,,,\backslash$table$[[$Common$],[$Stock$]],30455,30301]]$

The firm paid out $50\%$ of it's Net Income as Dividends. What is the firms Cash Flow

From Assets from the Free Cash Flow Perspective? $($in this problem you must use the Free

Cash Flow method to get CFFA, using the Investors perspective method will not give you

the same answer due to the limitations of the system.$)$

$($Round to nearest penny and do not enter commas, e$.$g$.1234\mathrm{.}56)$

$1988$ Income

Statement