1. Prepare the income statements and balance sheets for 2008 and 2009 assuming a 34% tax rate. Also, assume a payout ratio of 51% and a retention ratio of 49%. 2. Prepare the statement of cash flows for 2009. Ticket sales Promotional Advertising Fees for television Depreciation Team and game expenses Selling and promotional expenses Deferred compensation current portion Interest expense Cash Accounts receivable Accounts payable Deferred Compensation noncurrent portion Long-term debt Net fixed assets General and administrative expenses Inventory 2008 $ 3,617.00 $ $ 2,893.00 $ $ 723.00 $ $ 1,038.00 $ $ 2,487.00 $ $ 141.00 $ $ 732.00 $ $ 485.00 $ $ 3,792.00 $ $ 5,021.00 $ $ 3,984.00 $ 2009 4,043.00 3,234.00 808.00 1,085.00 2,675.00 213.00 717.00 579.00 4,014.00 5,892.00 4,025.00 $ 700.00 $ 857.00 $ 12,000.00 $ 14,578.00 $ 31,805.00 $ 33,921.00 $ 450.00 $ 569.00 $ 8,927.00 $ 9,555.00 Screen Shot