NFA = FA - AD. shos that the expression given in the chapter for net capital spending, NFAend - NFAbeg +D (where D is the depreciation expense during the year), is equivalent to FAend FAbeg. Use tip following tuformation for Clarington Inc for Problems 24 and 25 (assume the tax rate is 34%); 2017 2018 Sales $11.573 $12.936 Depreciation 1.651 1.736 Costogoods sold 3,979 4,707 Other expenses 146 Interest 776 926 Cash 606 6.466 Accounts receivable $.04 Short-term notes payable 1.121 Long term deb 20.220 24.696 Net fosed assets 50.585 Accounts payable Inventory 15.258 Dividends 1.618 24. Financial Statements (LOI) Draw up a statement of comprehensive income and a statement of financial position for this company lo 2017 and 2018