Graffiti Advertising, Inc., reported the following financial statements for the last two years.

Graffiti Advertising, Inc., reported the following financial statements for the last two years.

2010 Income Statement
Sales	$	572,200
Costs of goods sold		273,955
Selling & administrative		124,719
Depreciation		54,562
EBIT	$	118,964
Interest		19,604
EBT	$	99,360
Taxes		39,744
Net income	$	59,616
Dividends	$	11,000
Addition to retained earnings	$	48,616

GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2009
Cash	$	13,460	Accounts payable	$	9,490
Accounts receivable		18,980	Notes payable		14,494
Inventory		13,808
			Current liabilities		23,984
Current assets	$	46,248	Long-term debt	$	135,680
Net fixed assets	$	344,846	Owner's equity	$	231,430
Total assets	$	391,094	Total  liabilities and owners’ Equity	$	391,094

GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2010
Cash	$	14,446	Accounts payable	$	10,526
Accounts receivable		21,085	Notes payable		16,480
Inventory		22,768
			Current liabilities		27,006
Current assets	$	58,299	Long-term debt	$	153,400
Net fixed assets	$	406,297	Owner's equity	$	284,190
Total assets	$	464,596	Total liabilities and owners’ Equity	$	464,596

Requirement 1:

Calculate the operating cash flow. (Do not include the dollar sign ($).)

Operating cash flow

$

Requirement 2:

Calculate the change in net working capital. (Do not include the dollar sign ($).)

Change in net working capital

$

Requirement 3:

Calculate the net capital spending. (Do not include the dollar sign ($).)

Net capital spending

$

Requirement 4:

Calculate the cash flow from assets. (Do not include the dollar sign ($). Negative amount should be indicated by a minus sign.)

Cash flow from assets

$

Requirement 5:

Calculate the cash flow to creditors. (Do not include the dollar sign ($).)

Cash flow to creditors

$

Requirement 6:

Calculate the cash flow to stockholders. (Do not include the dollar sign ($). Negative amount should be indicated by a minus sign.)

Cash flow to stockholders

$