Assume the next year 2019, sales of AKIJ Inc. is expected to increase by 35%.Cash, land, and making costs are proportional to sales. Accounts payable will be unchanged and no new equity is issued. However, $10,000 new long term loan will be taken at 2019 at 10% annual interest rate. Dividend of $36,000 was paid in 2018, and the firm wishes to keep a constant payout ratio. Tax rate (25%) will remain constant as well.

Calculate the amount of EBIT of 2019 (Do not give dollar sign, only number) 1 point Assets Cash Balance Sheet (2018) Lib & OE 40,000 Accounts payable 15,000 Table 1 Income Statement (2018) $ Sales 110,000 Making Cost 25,000 EBIT 85,000 Interest 5,000 Taxable income 80,000 Tax (rate ?) 20,000 Net income 60,000 Land 110,000 Bond payable 50,000 Owner equity Common stock 60,000 Retained earnings 25,000 Total 150,000 Total 150,000 Your answer Calculate the taxable income of 2019 (Use Table 1 data) * Note: Write down 1 point Answer only in number, ignore dollar, share or % sign) Your answer Calculate the total amount of Interest of 2019. 1 point Calculate the total amount of Interest of 2019. 1 point $5,000 $6,000 $1,000 Other: 1 point Calculate the Net income after tax (Use Table 1 data) Note: Select the nearest answer *(Select the most nearest answer) 81,563 18,563 82,312