2018 2019 Cost of goods sold Cash Depreciation $224,359 $283,281 32,372 34,394 63,334 71,584 Interest expense 13,783 15,780 Selling and administrative expenses 44,121 57,586 Accounts payable 57,220 63,479 Net fixed assets 279,419 348,508 Sales 440,122 536,483 Accounts receivable 22,939 29,755 Notes payable 26,079 28,474 Long-term debt 141,040 158,368 Inventory 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 investors 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. QUESTIONS 1. How would you describe Sunset Boards's cash flows for 2019? Write a brief discussion. 2. In light of your discussion in the previous question, what do you think about Tad's expansion plans