Test1, Ltd. Balance Sheets 2020 Assets Current Assets Cash AcctRec Inven. Total 250 350 850 1,450 2021 2020 2021 Liabilities and Owner's Equity Current Liabilities 300 Accounts Payable 700 650 400 Notes Payable 650 350 900 Total 1,350 1,000 1,600 Long Term Debt 1,150 1,250 Fixed Assets Net Plant and equipment 5,850 1,000 950 Owner's Equity 6,000 Common Stock and paid in surplus Retained Earnings Equity 3,800 4,800 4,400 5,350 Total Assets 7,300 7,600 Total L + OE 7,300 7,600 Test1, Ltd. Income Statement 2021 Fixed Assets Net Plant and equipment 5,850 1,000 950 Owner's Equity 6.000 Common Stock and paid in surplus Retained Earnings Equity 3,800 4,800 4,400 5.350 Total Assets 7,300 7,600 Total L + OE 7,300 7,600 Testl. Ltd. Income Statement 2021 Sales Costs Depreciation EBIT Interest Paid Taxable Income Taxes Net Income 5,000 2,900 600 1,500 300 1,200 400 800 200 Dividends Addition to Retained Eam. 600 7a. What was the firm's operating cash flow in 2021? 7b. What was the firm's net capital spending in 2021? 7c. What was the firm's change in net working capital in 2021? Question 8 10 Using your answers to questions 7 a - c, what was the firm's cash flow from assets