Use the data from the following financial statements in the popup window, LOADING...

.

The company paid interest expense of $ 17 comma 400$17,400 for 20172017 and had an overall tax rate of 40 %40%

for 20172017.

Verify the cash flow identity:

cash flow from assets equals cash flow to creditors plus cash flow to ownerscash flow from assets=cash flow to creditors+cash flow to owners

The cash flow from assets is

(Round to the nearest dollar.)

Data Table ar (Click on the following icon in order to copy its contents into a spreadsheet) Partial Income Statement Year Ending 2017 Sales revenue $350,000 Cost of goods sold $141,900 Fixed costs $43,000 Selling general and administrative expenses $28,000 Depreciation $46,200 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $16,200 Notes payable Accounts receivable $28,000 Accounts payable Inventories $48,200 Long-term debt Fixed assets $367,900 OWNERS' EQUITY Accumulated depreciation $143,100 Retained earnings Intangible assets $81,900 Common stock $14,100 $19,100 $189,900 $132,000 Check A Print Done i Data Table ASSETS Cash Accounts receivable $14, 100 $19,100 Inventories $189.900 Accumulated depreciation Intangible assets $132,000 Partial Balance Sheet 12/31/2016 LIABILITIES $16,200 Notes payable $28,000 Accounts payable $48,200 Long-term debt $367,900 OWNERS' EQUITY $143,100 Retained earnings $81,900 Common stuck in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 LIABILITIES $25,900 Notes payable $19,000 Accounts payable $53,200 Long-term debt $448,000 OWNERS' EQUITY Retained earnings $81,900 Common stock (Click on the following icon ASSETS Cash Accounts receivable $11,900 $24. 100 $162.000 Inventories Fixed assets Accumulated depreciation Intangible assets $181,800 eck A Print Done