2022 Income Statement: Sales revenue Cost of goods sold Fixed Costs 750,000 360,000 80,000 Selling, General, and Admin Expenses 70,000 Depreciation 2021 Balance Sheet: 70,000 Assets Liabilities Cash 80,000 Notes Payable 35,000 Accounts Receivable 45,000 Accounts Payable 40,000 Inventories 50,000 Long-Term Debt 250,000 Fixed Assets 400,000 Owner's Equity Accumulated Depreciation 150,000 Retained Earnings 50,000 Intangible Assets 100,000 Common Stock 150,000 2022 Balance Sheet: Assets Liabilities Cash 85,000 Notes Payable 35,000 Accounts Receivable 40,000 Accounts Payable 30,000 Inventories 60,000 Long-Term Debt 280,000 Fixed Assets 500,000 Owner's Equity Accumulated Depreciation ????? Retained Earnings ????? Intangible Assets 100,000 Common Stock 120,000 What is net income for 2022? Total interest paid in 2022 is $50,000 and the tax rate is 25%. $100,000 $110,000 $90,000 $130,000 $120,000 Find the accumulated depreciation for 2022. $220,000 $250,000 $500,000 $180,000 $350,000 Question 7 (1 point) = Listen Find retained earnings for 2022. $100,000 $120,000 $140,000 $50,000 $80,000 Question 8 (1 point) Listen What is the total amount of dividends paid in 2022? $35,000 $50,000 $40,000 $60,000 $30,000 Question 9 (1 point) Listen What is net fixed assets for 2022? $120,000 $180,000 $220,000 $320,000 $280,000 Question 10 (2 points) Listen Find cash flow from assets for 2022. $150,000 $210,000 $180,000 $90,000 $100,000 Question 11 (1 point) Listen Find the cash flow to creditors for 2022. $60,000 $80,000 $30,000 $50,000 $20,000 Find the cash flow to owners for 2022. $-10,000 $10,000 $70,000 $-40,000 $40,000