Question: Problem 1. Submit your excel tile to show how you work out the problem with excel function and cell references. Cusic Industries had the following

 Problem 1. Submit your excel tile to show how you work

Problem 1. Submit your excel tile to show how you work out the problem with excel function and cell references. Cusic Industries had the following operating results for 2019 : sales =$33,813; cost of goods sold =$23,967; depreciation expense =$5,947; interest expense =$2,685; dividends paid =$1,951. At the beginning of the year, net fixed assets were $19,890, current assets were $7,019, and current liabilities were $3,962. At the end of the year, net fixed assets were $24,457, current assets were $8,654, and current liabilities were $4,628. The tax rate was 22 percent. Please build your income statement on the excel file and show you how to calculate each question on the excel file. (Excel part: 10 points) a. What is net income for 2019 ? (Do not round intermediate calculations.) b. What is the operating cash flow for 2019 ? (Do not round intermediate calculations.) c. What is the cash flow from assets for 2019? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations.) d- If no new debt was issued during the year, what is the cash flow to creditors? (Do not 1. round intermediate calculations.) d- If no new debt was issued during the year, what is the cash flow to stockholders? (A 2. negative answer should be indicated by a minus sign. Do not round intermediate

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