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2018 2019 Cost of goods sold $224,359 $283,281 Cash 32,372 34,394 Depreciation 63,334 71,584 Interest expense 13,783 15,780 Selling and administrative 44,121 57,586 expenses

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2018 2019 Cost of goods sold $224,359 $283,281 Cash 32,372 34,394 Depreciation 63,334 71,584 Interest expense 13,783 15,780 Selling and administrative 44,121 57,586 expenses Accounts payable 57,220 63,479 Net fixed assets Sales Accounts receivable Notes payable Long-term debt Inventory 279,419 348,508 440,122 536,483 22,939 29,755 26,079 28,474 141,040 158,368 48,272 66,244 New equity 0 27.157 Sunset Boards currently pays out 50 percent of net income as dividends to Tad and the other original inves- tors and has a 21 percent tax rate. You are Jameson's assistant, and he has asked you to prepare the following: 1. An income statement for 2018 and 2019. 2. A balance sheet for 2018 and 2019. 3. Operating cash flow for each year. 4. Cash flow from assets for 2019. 5. Cash flow to creditors for 2019. 6. Cash flow to stockholders for 2019.

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