Use the following to answer question 33: ABC Inc. 2019 Income Statement (S in millions) Net sales $1,384 Cost of goods sold 605 Depreciation 180 EBIT 599 Interest paid 70 Taxable income 529 Taxes (31%) 1647 Net income $36 Addition to retained earnings $254 Dividends paid $111 ABC Inc. 12/31/18 and 12/31/19 Balance Sheet (S in millions) 2018 2019 2018 2019 Cash $ 100 $ 121 $ 350 Accounts rec. 350 425 _390 _370 Inventory 440 410 $ 720 Accounts payable $ 400 Notes payable Total CL $ 790 Long-term debt 500 Owner's equity Common stock 600 Total CA $ 890 $ 956 550 Net fixed assets 1.556 1.704 580 Retained carnings 556 810 Total 1,156 1,390 Total assets $2,446 $2,660 Total liabilities $2,446 $2,660 33- What is the firm's cash flow from assets for 2019 ($ in millions)? [Please use the following formula: CFFA = Cash Flow to Creditors + Cash Flow to Stockholders] A) B) C) $131 million $151 million $328 million $615 million None of the above E) 34- Two of the primary advantages of a sole proprietorship are the: A) Ease of company formation and limited liability, B) Ease of ownership transfer and ease of company formation. C) Ease of ownership transfer and less regulation. D) Ease of company formation and less regulation. E) Ability to raise capital and less regulation. 35- Which one of the following means of management compensation is designed to help eliminate the agency problem? A) Offering restricted stocks B) Offering stock options C) Offering a bonus D) All of the above E) None of the above