b$.$ What is its operating cash flow?

c$.$ Explain your results in parts $($a$)$ and $($b$).$

Accounting Values versus Cash Flows In Problem $17,$ suppose Raines Umbrella Corp. paid out $$128,000$ in cash dividends. Is this possible? If spending on net fixed assets

and net working capital was zero, and if no new stock was issued during the year, what do you know about the firm's long$-$term debt account?

Calculating Cash Flows Martinez Industries had the following operating results for $2021$: Sales $=$$$38,072$; Cost of goods sold $=$$$27,168$; Depreciation expense $=$

$$6,759$; Interest expense $=$$$3,050$; Dividends paid $=$$$2,170.$ At the beginning of the year, net fixed assets were $$22,790,$ current assets were $$8,025,$ and current

liabilities were $$4,511.$ At the end of the year, net fixed assets were $$28,053,$ current assets were $$9,904,$ and current liabilities were $$5,261.$ The tax rate for $2021$ was

$22$ percent.

a$.$ What is net income for $2021?$

b$.$ What is the operating cash flow for $2021?$

c$.$ What is the cash flow from assets for $2021?$ Is this possible? Explain.

d$.$ If no new debt was issued during the year, what is the cash flow to creditors? What is the cash flow to stockholders? Explain and interpret the positive and negative

signs of your answers in parts $($a$)$ through $($d$).$