Business

Graffiti Advertising, Inc. , reported the following financial statements for the last two years. (Enter your answer as directed, but do not round intermediate calculations. )2014 Income StatementSales $ 573,700Costs of goods sold 273,940Selling & administrative 124,716Depreciation 54,559EBIT $ 120,485Interest 19,670EBT $ 100,815Taxes 40,326Net income $ 60,489Dividends $ 11,300Addition to retained earnings $ 49,189GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2013Cash $ 13,490 Accounts payable $ 9,487Accounts receivable 18,977 Notes payable 14,491Inventory 13,811 Current liabilities $ 23,978Current assets $ 46,278 Long-term debt $ 135,440Net fixed assets $ 344,936 Owner's equity $ 231,796Total assets $ 391,214 Total liabilities and owners equity $ 391,214GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2014Cash $ 14,476 Accounts payable $ 10,529Accounts receivable 21,082 Notes payable 16,483Inventory 22,771 Current liabilities $ 27,012Current assets $ 58,329 Long-term debt $ 153,700Net fixed assets $ 406,294 Owner's equity $ 283,911Total assets $ 464,623 Total liabilities and owners equity $ 464,623Requirement 1:Calculate the operating cash flow. Operating cash flow $Requirement 2:Calculate the change in net working capital. Change in net working capital $Requirement 3:Calculate the net capital spending. Net capital spending $Requirement 4:Calculate the cash flow from assets. (Do not include the dollar sign ($). Negative amount should be indicated by a minus sign. )Cash flow from assets $Requirement 5:Calculate the cash flow to creditors. Cash flow to creditors $Requirement 6:Calculate the cash flow to stockholders. (Negative amount should be indicated by a minus sign. )Cash flow to stockholders $