Part II - Problems (Will be graded on Formula (or formula with substitutions); calculation; correct answer, sign & units) 1. (9 marks) Company A has the following incomplete balance sheet and income statement. Complete the financial statements and use the information to answer the questions below. Assets 2019 2020 Current Assets Cash Accounts receivable Inventory Total Fixed Assets Net plant and equipment Earl Grey Corp. 2019 and 2020 Balance Sheet Liabilities 2019 2020 Current liabilities 24,046 26,255 Accounts payable 12,448 15,235 Notes payable 25,392 27,155 Other Total Long-term debt 324,695 367,387 Owners' equity Common stock Retained earnings Total Total liabilities and owners' equity 23,184 12,000 11,571 27,420 10,800 15,553 80,000 40,000 219,826 95,000 45,000 ? Total assets 366,996 253,122 32,220 Earl Grey Corp. 2020 Income Statement Sales Cost of goods sold Depreciation Earnings before interest and tax Interest paid Taxable income Taxes (37%) Net Income Dividends ? Additions to retained earnings 22,433 14,300 42,433 a. What is Earl Grey Corp's dividends paid 2020? (1 mark) b. What is Earl Grey Corp's total retained earnings for 2020? (1 mark) c. What is Earl Grey Corp's operating cash flow in 2020? (1 mark) d. What is Earl Grey Corp's net capital spending in 2020? (1 mark) e. What is Earl Grey Corp's change in net working capital in 2020? (1 mark) f. What is Earl Grey Corp's cash flow from assets 2020? (1 mark) g. What is Earl Grey Corp's net new borrowing in 2020? (1 mark) h. What is Earl Grey Corp's cash flow to creditors in 2020? (1 mark) i. What is Earl Grey Corp's cash flow to shareholders in 2020? (1 mark) Answers in Excel