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2021 2022 Cost of goods sold $323,077 $339,937 Cash 46,615 41,273 Depreciation 91,201 85,901 Interest expense 19,848 18,936 Selling and administrative 53,534 69, 103 expenses

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2021 2022 Cost of goods sold $323,077 $339,937 Cash 46,615 41,273 Depreciation 91,201 85,901 Interest expense 19,848 18,936 Selling and administrative 53,534 69, 103 expenses Accounts payable 82,397 76,175 Net fixed assets 402,364 438,210 Sales 633,775 643,780 Accounts receivable 33,032 35,706 Notes payable 37,554 34, 169 Long-term debt 203,098 190,042 Inventory 69,511 79,493 New equity 0 14,511 Sunset Boards currently pays out 50 percent of net income as dividends to Tad and the other origina investors and has a 21 percent tax rate. You are Sierra's assistant, and he has asked you to prepare the following: 1. An income statement for 2021 and 2022. 2. A balance sheet for 2021 and 2022. 3. Operating cash flow for each year. 4. Cash flow from assets for 2022. 5. Cash flow to creditors for 2022. 6. Cash flow to stockholders for 2022

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