FIN 3301-Problem Set #1 (Ch 1-2)-Fall 2018 6. Use the following information to create an income statement and balance sheet for 2016 and 2017; assume the tax rate is 34%. Then, using those statements, calculate for 2017 Cash flow from assets Cash flow to creditors Cash flow to stockholders Sales Depreciation expense Cost of goods sold Other expenses Interest expense Cash Accounts receivable Short-term notes payable 2016 25,460 3,654 8,754 2,082 1,708 13,348 17,674 2,576 44,704 111,954 9,644 31,422 3,044 2017 28,458 3,820 10,356 1,812 2,038 14,226 20,742 2,524 54,198 119,400 10,216 33,634 3,560 term debt Net fixed assets Accounts payable Invento Dividends