Assets: 2021 2022 Cash 10,000 20,000 Accounts Receivable 12,000 15,000 Inventory 20,000 25,000 Property, Plant, and Equipment 1,30,000 1,50,000 Less: Accumulated Depreciation -24,000 -30,000 Total Assets 1,48,000 1,80,000 Liabilities and Equity: Accounts Payable 8,000 10,000 Notes Payable 30,000 40,000 Long-term Debt 90,000 1,00,000 Total Liabilities 1,28,000 1,50,000 Common Stock 20,000 20,000 Retained Earnings 10,000 20,000 Total Equity 30,000 40,000 Total Liabilities and Equity 1,48,000 1,80,000 Revenue 1,50,000 2,00,000 Cost of Goods Sold 50,000 70,000 Gross Profit 1,00,000 1,30,000 Total Operating Expenses 65,000 77,000 EBITDA 35,000 53,000 Depreciation Expense 6,000 6,000 EBIT 29,000 47,000 Interest Expense 4,000 5,000 EBT 25,000 42,000 Tax Expense 5,000 8,400 Net Income 20,000 33,600 1. Prepare a Cash Flow Statement 2. Calculate Dividend Per share using the retained earnings method for 2022 3. Calculate Debt - to Equity Ratio

\begin{tabular}{|l|r|r|} \hline Assets: & 2021 & 2022 \\ \hline Cash & 10,000 & 20,000 \\ \hline Accounts Receivable & 12,000 & 15,000 \\ \hline Inventory & 20,000 & 25,000 \\ \hline Property, Plant, and Equipment & 1,30,000 & 1,50,000 \\ \hline Less: Accumulated Depreciation & 24,000 & 30,000 \\ \hline Total Assets & 1,48,000 & 1,80,000 \\ \hline Liabilities and Equity: & & \\ \hline Accounts Payable & 8,000 & 10,000 \\ \hline Notes Payable & 30,000 & 40,000 \\ \hline Long-term Debt & 90,000 & 1,00,000 \\ \hline Total Liabilities & 1,28,000 & 1,50,000 \\ \hline Common Stock & 20,000 & 20,000 \\ \hline Retained Earnings & 10,000 & 20,000 \\ \hline Total Equity & 30,000 & 40,000 \\ \hline Total Liabilities and Equity & 1,48,000 & 1,80,000 \\ \hline \end{tabular} \begin{tabular}{|l|r|r|} \hline Revenue & 1,50,000 & 2,00,000 \\ \hline Cost of Goods Sold & 50,000 & 70,000 \\ \hline Gross Profit & 1,00,000 & 1,30,000 \\ \hline Total Operating Expenses & 65,000 & 77,000 \\ \hline EBITDA & 35,000 & 53,000 \\ \hline Depreciation Expense & 6,000 & 6,000 \\ \hline EBIT & 29,000 & 47,000 \\ \hline Interest Expense & 4,000 & 5,000 \\ \hline EBT & 25,000 & 42,000 \\ \hline Tax Expense & 5,000 & 8,400 \\ \hline Net Income & 20,000 & 33,600 \\ \hline \end{tabular}