Can you guys show me the work, I've finished most of the questions and these are the ones I didnt get.

You must show your work for all questions. If you include only answers, you will not earn any points for given problems even if your answers are correct. 1. In 2015 J. Peterman Inc. incurred the following: (6 points) o o o o o o o o Sales of $5.25 million Cost of goods sold of $3.2 million Operating expenses of $1.2 million Interest expenses of $502,000 Dividend Income of $33,000 Paid off $1.5 million in debt Paid common stock dividends of $175,000 Paid a preferred stock dividend of $125,000 a. What was J. Peterman's taxable income in 2015? b. Using the tax table below, what was J. Peterman's tax liability in 2015? Taxable Income $0-$50,000 $50,000-$75,000 $75,000-$100,000 $100,000-$335,000 $335,000-$10,000,000 $10,000,000-$15,000,000 $15,000,000-$18,333,333 Over $18,333,333 c. Tax on Base of Bracket $ 0 7,500 13,750 22,250 113,900 3,400,000 5,150,000 6,416,667 Percentage on Excess above Base (MTR) 15% 25% 34% 39% 34% 35% 38% 35% What was J. Peterman's Net Income in 2015? 1 2. Play Now began operations in 2011. The table below contains the company's taxable income during each year of its operations. Assume that the company has taken full advantage of the Tax Code's loss carry-back, carry-forward provisions and complete the table by providing Play Now's tax liability amounts for each year using a tax rate of 35%. Also include Year Taxable Income Tax Liability any refunds the firm might receive as well 2011 $410,000 in your answers. 2012 ($445,000) (5 2013 $105,000 points) 2014 ($70,000) 2015 $175,000 3. Indicate \"source\" or \"use\" next to each of the following cash events Bania Incorporated conducted during 2015: Event Issuance of stock Issuance of bonds Dividend payments Sale of old equipment Net Income Amount $250,000 $300,000 $95,000 $25,000 $440,000 Source/Use Bania began the year with $175,000 cash on hand; given the cash flows listed above, what was the ending cash balance for this firm at the end of 2015? (5 points) 4. Chiles Inc. reported $9.25 million of retained earnings in 2014. In 2015, the company paid dividends of $0.60 per share on 20 million shares and had earnings per share of $1.75. What was the retained earnings balance for Chiles Inc. at the end of 2015? (4 points) 2 5. A 5-year corporate bond yields 6.5%. A 5-year municipal bond of equal risk yields 4%. Assume that the state tax rate is zero. At what federal tax rate would you be indifferent between the two bonds? (4 points) 6. In 2014 Brandt-Leland reported $8,250,000 of sales, $6,100,000 of operating costs other than depreciation, and $1,250,000 of depreciation. The company had no amortization charges, it had $4,250,000 of bonds outstanding that carry a 6% interest rate, and its federal-plus-state income tax rate was 40%. 2015 data is expected to remain unchanged except for one item, depreciation, which is expected to increase by $225,000. By how much will the net income change as a result of the change in depreciation? Note: You will need to calculate the interest expense using information provided regarding the bonds. Assume the same amount of interest will be paid during both years on the outstanding bonds. (6 points) 3 4