Third World Industries had the following operating results for 2021: sales = $20,800; cost of goods sold = $14,500; depreciation expense = $2,900; interest expense = $690; dividends paid = $660. At the BEGINNING of the year, net fixed assets were $15,470, current assets were $4,630 (including $1,000 cash), and current liabilities were $2,520. At the END of the year, net fixed assets were $17,120, current assets were $5,345 (including $800 cash), and current liabilities were $2,785. The tax rate for 2021 was 21 percent.

Calculate the cash flow from assets for the fiscal year of 2021. The change in the cash balance represents a use/source of cash (circle the correct choice) during the fiscal year.

Given no change in long-term debt during the fiscal year, calculate the cash flow to creditors, and then calculate the cash flow to stockholders. Also, calculate net amount of equity that was issued/repurchased (circle the correct choice) during the fiscal year.

Note: You are given needed information for answering (b)!