Check my work The information on the following page was obtained from the records of Breanna inc points eBook Accounts receivable Accumulated depreciation Cast of goods sold Income tax expense Cash Net Sales Equipment Selling, general, and administrative expenses Coman stock 136.000 shares 1 Accounts payable Retained earnings, 1/1/19 Interest expense Herchandise inventory Long-term debt Dividends declared and paid during 2019 $ 40,000 208,200 $12,000 32.000 260,000 800,000 480,003 136,000 360,000 60,000 92,220 24,000 148.000 160.000 48,008 References Except as otherwise indicated, assume that all balance sheet items reflect account balances at December 31, 2019, and that all income statement items reflect activities that occurred during the year ended December 31, 2019. There were no changes in paid.in capital during the year Required: Prepare an income statement and statement of changes in stockholders equity for the year ended December 31 2019, and a balance sheet at December 31, 2019. for Breanna Inc Based on the financial statements that you have prepared for part a, answer the questions in parts b-e. b. What is the company's average income tax rate? c. What interest rate is charged on long-term debl'Assume that the year end balance of long-term debt is representative of the average long-term debt account balance throughout the year. d. What is the par value per share of common stock? e. What is the company's dividend policy tie. what proportion on the company's earnings is used for dividends 1 of 10 Next >