solve C. D. and E.

ABS Corp. Financial Statements 2019 2018 Change Balance Sheet (Smillion) Assets Cash Account receivable Inventories Prepaid expense Property, plant and equipment(gross) Less: Accumulated depreciation Goodwill Total Asset $4,406 $6,150 $3,260 $1,553 $168,039 ($81,980) $4,395 $ 105,823 $2,011 $5,330 $3,167 $1,736 $160,139 ($ 75,941) $4,395 $100,837 $2,395 $820 $93 ($183) $7,900 ($6,039) $0 $4,986 1 2 3 3 5 5 7 3 3 Liabilities and Shareholders' equity Account payable Accrued liabilities Income Tax payable Long-term debt Common stock Additional paid in capital Retained earning Total Liability and Equity $2,420 $2,441 $514 $17,621 $915 $7,775 $74,137 $105,823 $2,463 $2,416 $559 $16,771 $1,065 $8,525 $69,038 $100,837 1 2 8 (943) $25 ($45) 5850 ($150) ($750) $5,099 $4.986 5 7 3 1 2 8 Income Statement (Smillion) Sales revenue Cost of goods sold Operating expenses Depreciation Interest expenses Gain on sales of equipment Income tax expense Net Income 2019 $74,430 $35,661 $12,134 $11,720 $528 $89 $3,619 $10,857 2018 $67,305 $34,876 $11,517 $10,519 $501 $0 $2,473 $7,419 $7,125 $785 $617 $1,201 $27 $89 $1,146 $3,438 5 5 3 3 0 1 Notes -In 2019 $15,000 million worth of new plant and equipment are added. -In 2019 one equipmemtis sold. -No items impacted retained earnings other than net income and dividends. -Tax rate is 25% 2 Download the financial statements. It shows the condensed balance sheet, income statement and a part of notes for ABS Corp. Use the financial statements to work the following 6 questions #17---#22. I only accept formulas we studied in this class (those in the textbook.) 'Cash flow from operating activities of ABS Corp for 2019 is $ million I recommend you use 'indirect method'. If necessary round to the nearest million dollar For Problems #17 and #18, cashflows can be positive or negative. If it is a negative cashflow (=cash outflow), make sure you use - (minus sign) in front of the number, such as-zzz. You do not need to add + sign for a positive cashflow. Cash flow from investing activities of ABS Corp for 2019 is $ million In 2019, the amount of cash ABS paid to suppliers is $ million