2. A company's 2021 and 2022 simplified balance sheets (in thousands of dollars) are shown in the table below 2022 Cash and cash equivalents Accounts Receivable Inventories 149,727 2021 102,850 113,702 103,365 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 Accruals Notes Payable Total Current liabilities Long term debt Total long term liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and equity 33,837 $30,761 33,525 30,477 18,389 16,717 $85,751 $77,955 88,764 76,264 $88,764 $76,264 120,000 100,000 85,084 57,605 $205,084 $157,605 $379,599 $311,824 Additional Information for 2022 EBITDA was 15% of sales. Sales for 2022 were $500,665,000 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. Questions: a) Construct the Income Statement for 2022. (2 pts) b) Construct the Statement of Cash Flows for 2022. (2 pts) c) Show that the increase in retained earnings in the balance sheet is consistent with your answer from part a) Show that the increase in cash in the first line of the balance sheet is consistent with your answer to part b). (1 pts)