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• 1. Prepare a balance sheet for 2021 and 2022 for the company, clearly showing information below about each line item.

• 2. Prepare an income statement for 2021 and 2022 for the company.

• 3. For the year ending 2022, determine the Net New Equity, Change in Net Working Capital, Net Capital Spendingand Operating Cash flow.

• 4. Calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders for 2022.

• 5. Calculate the Dividends per Share and Earnings per Share for each year for Brown Company.
• 6. Briefly comment on the company’s cash flows for 2022 in light of an expansion plan which will be financed by both debt and equity.
• The tax rate is 32%

Life-Positive’s Account Balances	2021 ($)	2022 ($)
Accounts Payable	24,600.00	21,250.00
Accounts receivable	15,700.00	12,340.00
Cash	23,450.00	28,600.00
Cost of goods sold	19,700.00	23,000.00
Depreciation	3,090.00	4,590.00
Dividends	5,800.00	10,800.00
Interest	2,340.00	2,890.00
Inventory	7,050.00	8,640.00
Long-term debt	28,000.00	30,000.00
Net fixed assets	41,500.00	48,000.00
Other expenses	2,400.00	2,800.00
Sales	58,000.00	62,500.00
Short-term Notes Payable	2,890.00	2,340.00
Shares outstanding	85,000.00	90,000.00

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