53) Given the financial data for New Electronic World, Inc. (NEW), compute the followingmeasures of cash flows for the NEW for the year ended December 31, 2005(a) Operating Cash Flow.(b) Free Cash Flow.

For the vear ended December 31 2004 Depreciation EBIT Interest Expenses Taxes Cash Accounts Receivable Inventorv Net fixed assets Accounts payable Notes pavable Accruals 2005 $3,000 30,000 3,000 8,000 $21,000 24,000 45,000 30,000 24,000 30,000 40,000 2,000 39,000 27,000 22,000 25,000 50,000 1,000