The following income statement and balance sheets should be used for Questions $1$ through $3$

Delco Accents, Inc. $2023$ Income Statement $($$ in millions$)$

Net sales $$12,456$

Less: Cost of goods sold $6,762$

Less: Depreciation $1,903$

Earnings before interest and taxes $3,791$

Less: Interest paid $825$

Taxable income $2,966$

Less: Taxes $1,038$

Net income $$1,928$

Addition to retained earnings $$1,213$

Dividends paid $715$

Delco Accents, Inc. $12/31/22$ and $12/31/22$ Balance Sheet $($$ in millions$)$

$2022202320222023$

Cash $$1,596$ $$1,883$ Accounts payable $$1,261$ $$1,488$

Accounts rec. $2,6983,184$ Notes payable $2,8523,365$

Inventory $1,5411,818$ Total $$4,113$ $$4,853$

Total $$5,835$ $$6,885$ Long$-$term debt $7,3727,624$

Net fixed assets $21,87223,096$ Common stock $5,7315,800$

Retained earnings $10,49111,704$

Total assets $$27,707$ $$29,981$ Total liabilities $$27,707$ $$29,981$What is the firm$$s net capital spending for $2023?$

a$.$

$-$$$194$

b$.$

$$1,522$

c$.$

$$4,031$

d$.$

$$3,127$

e$.$

$$4,$What is the firm$$s operating cash flow for $2023?$

a$.$

$$5,267$

b$.$

$$4,656$

c$.$

$$2,968$

d$.$

$$5,688$

e$.$

$$4,$What is the firm$$s cash flow from assets for $2023?$

a$.$

$$3,031$

b$.$

$$1,219$

c$.$

$$1,952$

d$.$

$$2,154$

e$.$

$$853$