1. construct an income statement for year 2022.

2. construct a starement of cash flows for year 2022.

3. show the increase in retained earnings in the balance sheet is consistsnt with q1 answer? show the increase in cash in the first line of the balance sheet is consistant with q2 answer?

4. calculate the net working capital for 2021 and 2022.
 

2. A company's 2021 and 2022 simplified balance sheets (in thousands of dollars) are shown in the table below 2022 2021 Cash and cash equivalents 149,727 102,850 Accounts Receivable 113,702 103,365 Inventories 42,288 38,444 Total Current Assets $305,717 $244,659 Net Property plant and equipment (net fixed 67,165 assets) 73,882 Total Assets $379,599 $311,824 Accounts Payable 33,837 $30,761 Accruals 33,525 30,477 Notes Payable 18,389 16,717 Total Current liabilities $85,751 $77,955 Long term debt 88,764 76,264 Total long term liabilities $88,764 $76,264 Common stock 120,000 100,000 Retained earnings 85,084 57,605 Total stockholders' equity $205,084 $157,605 $379,599 $311,824 Total liabilities and equity Additional Information for 2022 Sales for 2022 were $500,665,000 EBITDA was 15% of sales. Depreciation (and amortization) were 11% of net fixed assets Interest expense was $9,000,000. Corporate tax rate was 21% The company pays 40% of net income out as dividends.