Problems (2 points each). Write your answer in the box provided, show work to ur answer in the box provided, show work to be eligible for para credit. Galaga Inc. 2017 Income Statement 625,000 505,000 Dividends Paid 64,850 9.500 Net Sales Less: Cost of Goods sold Less: Depreciation Earnings before int. and taxes Less: Interest paid Taxable income Less: Taxes Net Income 110,500+ 22.400 88,100 24 BOO 63,300 Galaga Inc. 2016 and 2017 Balance Sheets Cash Accounts Rec. Inventory Total Current Assets Net Fixed Assets Total 2016 9,100 24,200 104,600 137,900 126,100 264 000 2017 14,400 26,800 103,450 144,650 138,600 283 250 Accounts Payable Long-term debt Common Stock Retained Earnings 2016 71,800 73,400 65,000 59,800 2017 92,500 68,500 70,000 52,250 Total 264,000 283,250 95,200 10.750> 1. What is the operating cash flow for 2017? EBIT + Depreciation - Toxes or 110,500 +(9500)-248005 What is the change in the net working capital from 2016 to 2017? Ending NWC - Beginning NWC 131,900 - 144,650 3. What is the amount of the net capital spending for 2017? Ending ner fixed assets - Beginning net fixed assets + dor 124,100 -138, 600 + ,500 4. What is the cash flow from assets for 2017? operating cash flow - NCS - ANWC 95,200 - 6,750)-(3.000) 5. What is the cash flow to creditors for 2017? Tedded # hoest paid - Net new borrowing Om aa,400) -4900 What is the cash flow to stockholders for 2017? Dividends paid - Net new equity raised 64,850 - 5000 85,450 104,950 17,500 Intores #4 together 59,850