a. Sales for 2016 were $455,150,000 and EBITDA was 15% of sales. Furthermore, depreciation and amortization were 11% of net fixed assets, interest was $8,575,000, the corporate tax rate was 40% and Laiho pays 40% of its net income as dividends. Given this information, construct the firm's 2016 income statement.

Please provide the calculation on how you get the number.

FINANCIAL STATEMENTS, CASH FLOW, AND TAXES Laiho Industries 2015 and 2016 Balance Sheets (in thousands of dollar) are shown. 2015 Cash Accounts Receivable Invesntories Total Current Assets Net Fixed Assets Total Assets 2016 102,850 103,365 38,444 244,659 67,165 311,824 89,725 85,527 34,982 210,234 42,436 252,670 Accounts Payable Accruals Notes Payable Total Current Liabilities Long Term Debt Total Liabilities Common Stock Retained Earnings Total Common Equity Total Liabilities and Equity 30,761 30,477 16,717 77,955 76,264 154,219 100,000 57,605 157,605 311,824 23,109 22,656 14,217 59,982 63,914 123,896 90,000 38,774 128,774 252,670