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3. Your sales for the 2002 are $200,000 and for 2003 they are $250,000. Cost of goods sold is 34% of sales, and labor is
3. Your sales for the 2002 are $200,000 and for 2003 they are $250,000. Cost of goods sold is 34% of sales, and labor is 38% of sales. Taxes are at 34%. Investors are paid 50% of earnings as dividends. Show the income statement and balance sheet for 2002 and 2003. Assume debt repayments are made on the morning of Dec. 31 of each year. Show details on GPA and Accumulated Depreciation. \"That is the cash flow available for each year
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