Based on the information provided below, answer the following questions in the right format as required. You may need to zoom-in or zoom-out, if the following contents are displayed broken. Balance Sheet Balance Sheet Income Statement 2xx1 2xx2 2xx2 Cash 10,000 Acct. Receivable 20,000 Inventory 16,000 Prepaid Expenses 4,000 Cash 20,000 Acct. Receivable 10,000 Inventory 12,000 Prepaid Expenses 8,000 Revenues Cost of Sales Gross Profit 1,200,000 360,000 840,000 Equipment 300,000 Building 350,000 Total Assets 700,000 Equipment 200,000 Building (net) 250,000 Total Assets 500,000 Payroll Expenses 480,000 General Expenses 25,000 Administrative Exp. 10,000 Rent Expenses 120,000 Utility Expenses 45,000 R&M Expenses 10,000 Acct. Payable 60,000 Salaries Payable 25,000 Interest Payable 15,000 Acct. Payable 15,000 Salaries Payable 10,000 Interest Payable 5,000 Depreciation Exp. 30,000 EBIT 120,000 Interest Expenses 20,000 EBT determine this. Long-term debt 300,000 Owners' Equity Determine Total L & OE Determine Long-term debt 170,000 Owners' Equity Determine Total L& OE Determine Tax determine this. Net Income 60,000 Q. Determine the Tax rate (%) of 2xx2. (Do not put "%" in your answer. If your answer is "99%"; then put just 99)