The income statement and balance sheet for Bates, Inc. are provided below. (Note that the reported figures in the statements are expressed in thousands of dollars.) 2019 BATES, INC. Balance Sheets as of December 31, 2018 and 2019 (in 000s) 2018 2019 2018 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 210 $ 180 Accounts payable $ 250 $ Accounts receivable 325 295 Notes payable 260 Inventory 180 275 230 260 Total $ 715 $ 750 Total $ 510 $ 490 1,120 Long-term debt Owners' equity Common stock Accumulated retained earnings $1,000 $ $ 305 $ $ 400 $ 273 517 Fixed assets Net plant and equipment $ 1,500 $ 1,650 Total $ 705 $ 790 Total assets $ 2,215 $2,400 Total liabilities and owners' equity $ 2,215 $ 2,400 BATES, INC. 2019 Income Statement (in 000s) Sales Cost of goods sold Depreciation 1,350 850 40 EBIT Interest paid 460 65 Taxable income Taxes 395 Net income 312 $ 195 Dividends Retained earnings Requirement 1: Determine the cash flow from assets (including the operating cash flow, net capital spending, and change in net working capital), cash flow to creditors, and cash flow to stockholders for Bates, Inc. for the year 2019. (Express your answers in thousands of dollars. Round your answer to the nearest whole dollar amount (e.g., 32). Negative amounts should be indicated by a minus sign.) Requirement 1: Determine the cash flow from assets (including the operating cash flow, net capital spending, and change in net working capital), cash flow to creditors, and cash flow to stockholders for Bates, Inc. for the year 2019. (Express your answers in thousands of dollars. Round your answer to the nearest whole dollar amount (e.g., 32). Negative amounts should be indicated by a minus sign.) Operating Cash Flow Net Capital Spending Change in NWC Cash Flow From Assets Cash Flow to Creditors Cash Flow to Stockholders Requirement 2: Calculate the internal growth rate and the sustainable growth rate for Bates, Inc. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places (e.g., 32.16).) Internal Growth Rate Sustainable Growth Rate Requirement 3: Explain the difference in the assumptions underlying the internal and sustainable growth rates. _ans_