Problem $2-21$ Calculating Cash Flows $($LO$2)$

Nanticoke Industries had the following operating results for $2020$:

Sales $=$ $$28,860$;

Cost of goods sold $=$ $$19,510$;

Depreciation expense $=$ $$5,060$;

Interest expense $=$ $$2,340$;

Dividends paid $=$ $$1,200.$

At the beginning of the year,

Net fixed assets $=$ $$17,130,$

Current assets $=$ $$5,810,$

Current liabilities $=$ $$3,320.$

At the end of the year,

Net fixed assets $=$ $$20,410,$

Current assets $=$ $$7,360,$

Current liabilities $=$ $$3,930.$

The tax rate for $2020$ was $34\%.$

a$.$ What is net income for $2020?($Negative answer should be indicated by a minus sign. Omit $ sign in your response.$)$

Net income $

b$.$ What is the operating cash flow for $2020?($Negative answer should be indicated by a minus sign. Omit $ sign in your response.$)$

Operating cash flow $

c$.$ What is the cash flow from assets for $2020?($Negative answer should be indicated by a minus sign. Omit $ sign in your response.$)$

Cash flow from assets $

d$.$ If no new debt was issued during the year, what is the cash flow to creditors? What is the cash flow to shareholders? $($Negative answers should be indicated by a minus sign. Omit $ sign in your response.$)$

Cash flow to creditors $

Cash flow to shareholders $