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Sunset Boards currently pays out 50% of net income as dividends and has a 20% tax rate. COGS 2013: $169,969 / 2014: $214,607 Cash 2013:

Sunset Boards currently pays out 50% of net income as dividends and has a 20% tax rate.

COGS 2013: $169,969 / 2014: $214,607

Cash 2013: 24,524 / 2014: 26,056

Depreciation 2013: 47,980 / 2014: 54,230

Interest Expense 2013: 10,442 / 2014: 11,954

Selling & Admin Expenses 2013: 33,425 / 2014: 43,626

Accounts Payable 2013: 43,344 / 2014: 48,090

Net Fixed Assets 2013: 211,680 / 2014: 264,021

Sales 2013: 333,426 / 2014: 406,427

Accounts Receivable 2013: 17,378 / 2014: 22,542

Notes Payable 2013: 19,757 / 2014: 21,571

Long-term Debt 2013: 106,848 / 2014: 119,976

Inventory 2013: 36,570 / 2014: 50,185

New Equity 2013: 0 / 2014: 20,160

Prepare:

1. An income statement for 2013 & 2014

2. A balance sheet for 2013 & 2014

3. Operating cash flow for each year

4. Cash flow from assets for 2014

5. Cash flow to creditors for 2014

6. Cash flow to stockholders for 2014

How would you describe Sunset Boards' cash flows for 2014?

This question is from Essentials of Corporate Finance 8th Edtion. Please don't copy & paste answers that have previously been posted for the 7th edition as the figures have changed.

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