a$.$ Sales for $2021$ were $$432,150,000,$ and EBITDA was $15\%$ of sales. Furthermore, depreciation and amortization were $18\%$ of net fixed assets, interest

was $$8,432,000,$ the corporate tax rate was $25\%,$ and Laiho pays $48\mathrm{.}25\%$ of its net income as dividends. Given this information, construct the firm's

$2021$ income statement.

Laiho Industries: Income Statement for Year Ending December $31,2021$

$($thousands of dollars$)$

$2021$

Sales

Operating costs excluding depreciation and amortization

EBITDA

$\frac{?}{\text{b}\text{a}\text{r}}($$$)$

Depreciation and amortization

EBIT

$

Interest

EBT

$

Taxes $(25\%)$

Net income

$

Common dividends

$

Addition to retained earnings

$

b$.$ Construct the statement of stockholders' equity for the year ending December $31,2021,$ and the $2021$ statement of cash flows. Hint: The difference in

accumulated depreciation from one year to the next is the annual depreciation expense for the year.

Laiho Industries: Statement of Stockholders' Equity, December $31,2021($thousands of dollars$)$