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20182019Cost of goods sold$196,619$248,263Cash28,37242,865Depreciation55,50662,738Interest expense12,06713,831Selling & Administrative Expenses38,66850,469Accounts payable20,14334,091Fixed assets (without depreciation)344,881461,088Accumulated Depreciation85,506148,244Sales385,724470,172Accounts receivable20,10426,078Notes payable22,85524,955Long-term debt123,607140,000Inventory38,70652,057New equity issued (Common Stock)-15,000Tax rate (average on all Taxable

20182019Cost of goods sold$196,619$248,263Cash28,37242,865Depreciation55,50662,738Interest expense12,06713,831Selling & Administrative Expenses38,66850,469Accounts payable20,14334,091Fixed assets (without depreciation)344,881461,088Accumulated Depreciation85,506148,244Sales385,724470,172Accounts receivable20,10426,078Notes payable22,85524,955Long-term debt123,607140,000Inventory38,70652,057New equity issued (Common Stock)-15,000Tax rate (average on all Taxable Income)30%Dividend Payout Ratio (of Net Income)40%

With this financial data, what will Income Statement for both 2018 and 2019 be ? Again, what will the. balance sheet look like for both 2018 and 2019? Additionally, what will be the Cash Flow Statement for 2019be?

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