1)XYZ Industries' 2007 and 2008 balance sheets (in thousands of dollars) are shown. Cash Accounts receivable Inventories Total curent assets Net fixed assets Total assets 2008 2007 $102,850 $ 89,725 103,365 38,444 $244,659 67,165 5311.824 $ 30,761 30,477 76,264 $154,219 85,527 34,982 $210,234 42-436 $252.629 523,109 22,656 14,217 $ 59,982 61914 $123,896 Accounts payable Accruals Notes payable 16,717 Total current liabilities 5 77,955 Long term debt Total liabilities Common stock Retained earnings Total common equity 100,000 90,000 57,605 38,774 $157,605 $128,774 $311,824 Total liabilities and equity $252.670 a. Sales for 2008 were $455,150,000, and EBITDA was 15% of sales. Furthermore, depreciation and amortization were 11% of net fixed assets, interest was $8,575,000, the corporate tax rate was 40%, and xyz pays 40% of its net income in dividends. Given this information, construct the firm's 2008 income statement. b. Construct the statement of stockholders' equity for the year ending December 31, 2008, and the 2008 statement of cash flows. c. c. Calculate 2007 and 2008 net working capital and 2008 free cash flow