P2-11 (similar to) Question Help Cash flow from assets. Use the data from the following financial st

P2-11 (similar to) Question Help Cash flow from assets. Use the data from the following financial statements in the popup window, E::. The company paid interest expense of $18,000 for 2017 and had an overall tax rate of 40% for 2017. Find the cash flow from assets for 2017, and break it into its three parts: operating cash flow, capital spending, and change in net working capital. The operating cash flow is $ 107660. (Round to the nearest dollar.) The capital spending is $ . (Round to the nearest dollar.) Partial Income Statement Year Ending 2017 Sales revenue $350,000 Cost of goods sold $142,000 Fixed costs $43,000 Selling, general, and administrative expenses Depreciation $28,100 $45,800 Partial Balance Sheet 12/31/2016 LIABILITIES ASSETS Cash Accounts receivable $16,200 Notes payable $28,000 Accounts payable $48,000 Long-term debt $367,900 OWNERS' EQUITY $13,900 $18,800 $190,000 Inventories Fixed assets Accumulated depreciation Intangible assets $142,300 Retained earnings $82,000 Common stock $131,800 ASSETS Cash Accounts receivable Partial Balance Sheet 12/31/2017 LIABILITIES $26,000 Notes payable $18,800 Accounts payable $53,000 Long-term debt $447,900 OWNERS' EQUITY $11,800 $23,800 $162,200 Inventories Fixed assets Accumulated depreciation Intangible assets Retained earnings $82,000 Common stock $181,900

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