4 5 points Skipped eBook References Problem 2-21 Calculating Cash Flows (LO2) Nanticoke Industries had the following operating results for 2020. Sales $29,580; Cost of goods sold $19,610; Depreciation expense = $5,140, Interest expense = $2,490; Dividends paid = $1,300. At the beginning of the year, Net fixed assets = $17,030, Current assets = $5.830, Current liabilities = $3,400. At the end of the year, Net fixed assets = $20,510, Current assets = $7,604, Current liabilities = $3,950. The tax rate for 2020 was 30%. a. What is net income for 2020? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.) Net income $ b. What is the operating cash flow for 2020? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.) Operating cash flow c. What is the cash flow from assets for 2020? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.) $

9 Cash Flows (LO2) Nanticoko inclustries had the following operating results for 2020 Solos 529,580; Cost of goods sold =$19.610, Depreciation expense $5,140, interest expense $2,490. Dividends paid $1,300 At the beginning of the year. Net fixed assets $17,030. Current assets =$5,830, Current tiabilities $3,400 At the end of the year, Net fixed assets =$20,510, Current assets =$7604, Current Habilities =$3,950. The tax rate for 2020 was 30% a. What is net income for 2020 ? (Negative answer should be indicated by a minus sign, Omit $ sign in your response.) Net income $ b. What is the operating cash flow for 2020 ? (Negative answer should be indicated by a minus sign. Omit $ sign in your response) Operating cash flow c. What is the cash flow from assets for 2020 ? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.)