1. An income statment for 2018 and 2019

Financial Statements at Sunset Boards, Inc. 2018 2019 $224,359 $283,281 32,372 34,394 63,334 71,584 13,783 15.780 44,121 57,586 pany that manufactures Malibu. Tad Marks, the charge of the design and background is in surfing, the company's financial ed. Sunset Boards was pro- and family. Because the ini- My small, and the company rits own store, the investors ancial statements from Tad. ith among professional surf- recently, and Tad is consider- His plans include opening Hawaii, as well as supplying or boards) to other sellers. ns require a significant invest finance with a combination of mutsiders plus some money bor- aturally, the new investors and organized and detailed financial thas previously prepared. At the s, Tad has hired financial analyst Cost of goods sold Cash Depreciation Interest expense Selling and administrative expenses Accounts payable Net fixed assets Sales Accounts receivable Notes payable Long-term debt Inventory New equity 57,220 279,419 440,122 22,939 26,079 141,040 48,272 0 63,479 348,508 536,483 29.755 28,474 158,368 66.244 27,157 Sunset Boards currently pays out 50 percent of net income as dividends to Tad and the other original inves- tors and has a 21 percent tax rate. You are Jameson's assistant, and he has asked you to prepare the following: 1. An income statement for 2018 and 2019