[08/01, 7:15 am] Ji Dhakad Ji Gaming??: The information on the following page was\ \ obtained from the records of Breanna\ \ Incorporated: ints References Accounts receivable Accumulated depreciation Cost of goods sold Income tax expense Cash Net sales Equipment Selling, general, and administrative expenses Common stock shares) Accounts payable Retained earnings, 11/22 Interest expense Merchandise inventory Long-term debt Dividends declared and paid during 2022 $54,000 118,000 280,000 21,546 142,600 427,000 268,000 66,000 194,000 44,000 42,120 9,180 66,657 108,000 25,137 Except as otherwise indicated, assume that all balance sheet items reflect account balances at December 31, 2022, and that all income statement items reflect activities that occurred during the year ended December 31,2022. There were no changes in paid-in capital during the year. Required: a. Prepare an income statement and statement of changes in stockholders' equity for the year ended December 31, 20 22, and a balance sheet at December 31, 2 022, for Breanna Incorporated. Based on the financial statements that you have prepared for part a, answer the questions in parts b-e. b. What is the company's average income tax rate? c. What interest rate is charged on long-term debt? Assume that the year-end balance of long- term debt is representative of the average long-term debt account balance throughout the year. d. What is the par value per share of common stock? e. What is the company's dividend policy (i.e., what proportion of the company's earnings is used for dividends)? Complete this\ \ question by entering your answers in the\ \ tabs below. Req A2 Req A3\ [08/01, 7:16 am] Ji Dhakad Ji Gaming??: The information on the following page was obtained from the records of Breanna Incorporated:\ \ Accounts receivable.\ \ $ 54,000\ \ 118,000\ \ 280,000\ \ 21,546\ \ 142,600\ \ 268,000 66,000\ \ 194,000\ \ 42,120\ \ 9,180\ \ 66,657\ \ 108,000\ \ 25,137\ \ 427,000\ \ 44,000\ \ Except as otherwise indicated, assume that all balance sheet items reflect account balances at December 31, 2022, and that all income statement items reflect activities that occurred during the year ended December 31, 2022. There were no changes in paid-in capital during the year.\ \ Income tax expense\ \ Cost of goods sold\ \ Accumulated depreciation\ \ Cash\ \ Net sales\ \ Equipment\ \ Selling, general, and administrative expenses\ \ Common stock (38,800 shares)\ \ Accounts payable\ \ Retained earnings, 1/1/22\ \ Interest expense\ \ Merchandise inventory\ \ Long-term debt\ \ Dividends declared and paid during 2022\ \ Required:\ \ a. Prepare an income statement and statement of changes in stockholders' equity for the year ended December 31, 2022, and a\ \ balance sheet at December 31, 2022, for Breanna Incorporated. Based on the financial statements that you have prepared for part a, answer the questions in parts b-e.\ \ b. What is the company's average income tax rate? c.\ \ What interest rate is charged on long-term debt? Assume that the year-end balance of long-term debt is representative of the average long-term debt account balance throughout the year. d. What is the par value per share of common stock?\ \ e. What is the company's dividend policy (i.e., what proportion of the company's earnings is used for dividends)?\ \ Complete this question by entering your answers in the tabs below.\ \ Book\ \ erences