Use the following information to answer questions 18-21. SHOW YOUR WORK The following information was abstracted from the financial statements of Bateman & Co. for the year ended December 31, 2015: 12/31/15 12/31/14 Change Sales $ 25,000 Accounts Receivable $ 3,000 $ 2,700 S 300 COGS 15,000 Inventory 1,500 1,300 200 EBIT 7,000 Accounts Payable 1,800 1,700 100 Net Income 4,000 Operating Cash Flows 6,000 NOWC $ 7,000 $ 5,000 $ 2,000 Capital Expenditures (1,000) Depreciation S 600 Effective Tax Rate 40.0% Show your work 18. How much cash was received from customers? 19. How much inventory was purchased during the year? 20. Is cash paid for inventory more, less or the same as the amount of inventory purchased during the year? More, Less or the same 21. How much Free Cash Flow did the company have during 2015