Explain the difference between direct and indirect finance? (illustrating Flows of Funds Through the Financial System -figure-) (25 points) X Company: Income Statements for the Years Ending December 31 ( Millions of Dollars, Except for Per Share Data) 2018 2019 Net Sales 4000 4250 3750 3900 100 90 Operating costs except depreciation and amortization Depreciation and amortization Total operating costs Operating income, or earnings before interest and taxes 3850 3990 150 260 Less interest 50 60 100 200 Earnings before taxes Taxes (25%) 25 50 Net Income 75 150 Total Dividends 25 25 Additional to retained earning 50 125 Calculate Common Stock Price 25 25 Earnings Per Share Dividend Per Share Note: X company has 30 million shares of common stocks outstanding. Earnings Per Share is based on net income available to common stockholders Calculate Earnings Per Share and Dividend Per Share for 2018 and 2019 (25 points)