1. Use the following information for the problems (assume the tax rate is 34 percent): 2017 2018 Sales $9,402 $10,091 Depreciation 1,3 50 1,351 Cost of goods sold 3,235 3,672 Selling, general, and administrative expenses 767 641 Interest expense 630 724 Cash 4,931 6,244 Accounts receivable 6,527 7,352 Short-term notes payable 953 895 Long-term debt 16,152 19,260 Net fixed assets 41,346 42,332 Owners' equity 42,124 42,677 Accounts payable 5,179 5,022 Inventory 1 1,604 1 1,926 Dividends 1,147 1,261 (1) Draw up an income statement and balance sheet for this company for 2017 and 2018 (1 pt). (2) For 2018, calculate the cash ow 'om assets (2 pts.). 2. The Synovec Company has sales of $3,100, total assets of $1 ,340, and a debt-equity ratio of 1.20. [fits return on equity is 15%, what is its net income? (2 pts.) 3. Database Systems is considering expansion into a new product line. Assets to support expansion will cost $380,000. It is estimated that Database can generate $1,410,000 in annual sales, with an 8 percent profit margin. What would net income and return on assets be for the year? (3 pts.) 4. Barnes Appliances has sales of $10,000,000, net income of $450,000, total assets of $4,000,000, and stockholders' equity of $2,000,000 (2 pts.). aWhat is the profit margin? b.What is the return on assets