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Use the following information to create an income statement and balance sheet for 2016 and 2017; assume the tax rate is 34%. Then, using those

Use the following information to create an income statement and balance sheet for 2016 and 2017; assume the tax rate is 34%. Then, using those statements, calculate for 2017:

- Cash flow from assets

- Cash flow to creditors

- Cash flow to stockholders

20162017
Sales25,46028,458
Depreciation expense3,6543,820
Cost of goods sold8,75410,356
Other expenses2,0821,812
Interest expense1,7082,038
Cash13,34814,226
Accounts receivable17,67420,742
Short-term notes payable2,5762,524
Long-term debt44,70454,198
Net fixed assets111,954119,400
Accounts payable9,64410,216
Inventory31,42233,634
Dividends3,0443,560

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