Using the income statement and balance sheets of Niagara Company below, NIAGARA COMPANY Income Statement For Year Ended December 31, Year 9 Sales $1,000 Cost of goods sold... . (650) Depreciation expense (100) Sales and general expense.. (100) Interest expense. (50) Income tax expense (40) Net income $ 60 NIAGARA COMP Balance Sheets December 31, Year 9 and Year 8 Year 8 Year 9 Assets Cash... $ 50 $ 60 Accounts receivable, net. 500 520 Inventory 750 770 Current assets 1,300 1,350 Fixed assets, net. 500 550 Total assets $1,800 $1,900 Liabilities and Equity Notes payable to banks..... $ 100 $ 75 Accounts payable .. 590 615 Interest payable.. 10 20 Current liabilities 700 Long-term debt. 300 350 Deferred income tax. 300 Capital stock.. Retained earnings 100 130 Total liabilities and equity $1,800 $1,900 710 310 400 .400 b. Discuss, from an analyst's viewpoint, the results and effects of various events in cash flow statement by i. Operational cash flow ii. Investment cash flow iii. Financial cash flow