Your friend's new start-up has $20,000 in sales, $12,000 in costs, depreciation expense of $5,000, and interest expense of $500. Assuming a 21% tax rate, calculate your friend's operating cash flow The balance sheet of Harvison, Inc., showed long-term debt of $1 million in 2018 and $2 million in 2019. Over the 2019 fiscal year, interest expense was $50,000 and the company paid out $200,000 in dividends. The company also repurchased 10,000 shares of stock at $5/share and issued 8,000 shares of stock at $7/share. Calculate (a) Cash flows to bondholders (b) Cash flows to stockholders