Laiho Industries's 2020 and 2021 balance sheets (in thousands of dollars) are shown.

Laiho Industries: Balance Sheets as of December 31 (thousands of dollars)
	2021			2020
Cash	$	110,342		$	89,775
Accounts receivable		101,951			85,738
Inventories		37,257			34,206
Total current assets	$	249,550		$	209,719
Net fixed assets		64,522			41,773
Total assets	$	314,072		$	251,492
Accounts payable	$	29,751		$	22,370
Accruals		29,975			21,963
Notes payable		16,682			13,932
Total current liabilities	$	76,408		$	58,265
Long-term debt		72,443			61,943
Total liabilities	$	148,851		$	120,208
Common stock		106,500			94,000
Retained earnings		58,721			37,284
Total common equity	$	165,221		$	131,284
Total liabilities and equity	$	314,072		$	251,492

The data has been collected in the Microsoft Excel file below. Download the spreadsheet and perform the required analysis to answer the questions below. Do not round intermediate calculations. Enter your answers in thousands. For example, an answer of $1 thousand should be entered as 1, not 1,000. Round your answers to the nearest whole number. Use a minus sign to enter negative values, if any.

Sales for 2021 were $464,650,000, and EBITDA was 16% of sales. Furthermore, depreciation and amortization were 18% of net fixed assets, interest was $8,545,000, the corporate tax rate was 25%, and Laiho pays 47.25% of its net income as dividends. Given this information, construct the firm's 2021 income statement.

Sales	$
Operating costs excluding depreciation and amortization
EBITDA	$
Depreciation and amortization
EBIT	$
Interest
EBT	$
Taxes (25%)
Net income	$
Common dividends	$
Addition to retained earnings	$

Laiho Industries: Income Statement for Year Ending December 31, 2021 (thousands of dollars)

Construct the statement of stockholders' equity for the year ending December 31, 2021, and the 2021 statement of cash flows. Hint: The difference in accumulated depreciation from one year to the next is the annual depreciation expense for the year.

Laiho Industries: Statement of Stockholders' Equity, December 31, 2021 (thousands of dollars)
	Common Stock			Retained Earnings			Total Stockholders' Equity
Balances, December 31, 2020		$ fill in the blank 13			$ fill in the blank 14			$ fill in the blank 15
Common stock issue		fill in the blank 16						fill in the blank 17
2021 Net income					fill in the blank 18
Cash dividends					fill in the blank 19
Addition to retained earnings								fill in the blank 20
Balances, December 31, 2021		$ fill in the blank 21			$ fill in the blank 22			$ fill in the blank 23

Laiho Industries: Statement of Cash Flows for 2021 (thousands of dollars)
	2021
Operating Activities
Net income	$ fill in the blank 24
Depreciation and amortization	fill in the blank 25
Increase in accounts payable	fill in the blank 26
Increase in accruals	fill in the blank 27
Increase in accounts receivable	fill in the blank 28
Increase in inventories	fill in the blank 29
Net cash provided by operating activities	$ fill in the blank 30
Investing Activities
Additions to property, plant, and equipment	$ fill in the blank 31
Net cash used in investing activities	$ fill in the blank 32
Financing Activities
Increase in notes payable	$ fill in the blank 33
Increase in long-term debt	fill in the blank 34
Increase in common stock	fill in the blank 35
Payment of common dividends	fill in the blank 36
Net cash provided by financing activities	$ fill in the blank 37
Summary
Net increase/decrease in cash	$
Cash at the beginning of the year
Cash at the end of the year