48 PART 1 Overview of Corporate Finance Sunset Boards currently pays out 40 percent of net income QUESTIONS as dividends to Tad and the other original investors, and it has 1. How would you describe Sunset Boards's cash flows for a 21 percent tax rate. You are Christina's assistant, and she has asked you to prepare the following: 20187 Write a brief discussion. 1. An income statement for 2017 and 2018. 2. In light of your discussion in the previous question, what do you think about Tad's expansion plans? 2. A balance sheet for 2017 and 2018. 3. Operating cash flow for each year. 500 0 4. Cash flow from assets for 2018. 5. Cash flow to creditors for 2018. COO DU 6. Cash flow to stockholders for 2018. 600.080 08