Construct a balance sheet for Sophie's Sofas given the following data, including shareholders' equity. Henry Josstick has just started his first accounting course and has prepared the following balance sheet and income statement for Omega Corp. Unfortunately, although the data for the individual items are correct, he is very confused as to whether an item should go in the balance sheet or income statement and whether it is an asset or liability. Prepare the balance sheet and income statement by rearranging the above items. (Be sure to list the assets and liabilities in order of their liquidity. Enter all amounts as positive values.) Prepare the balance sheet and income statement by rearranging the above items. (Be sure to list the assets and liabilities in order of their liquidity. Enter all amounts as positive values.) The founder of Alchemy Products Inc. discovered a way to turn gold into lead and patented this new technology. He then formed a corporation and invested $3,300,000 in setting up a production plant. He believes that he could sell his patent for $75 million. a. What is the book value of the firm? (Enter your answer in dollars not in millions.) b. What is the market value of the firm? (Enter your answer in dollars not in millions.) c. If there are two milion shares of stock in the new corporation, what would be the book value per share? (Round your answer to 2 decimal places.) d. If there are two million shares of stock in the new corporation, what would be the price per share? (Round your answer to 2 decimal places.) Sheryl's Shipping had sales last year of $17,000. The cost of goods sold was $7,900, general and administrative expenses were $2,400, interest expenses were $1,900, and depreciation was $2,400. The firm's tax rate is 21%. a. What are earnings before interest and taxes? b. What is net income? c. What is cash flow from operations? A single person earned $103,000 in 2018. How much did they pay in taxes? (Use the tax rates presented in Table 3.6 ) (Do not round intermediate calculations. Round your answer to 2 decimal places.) a. What was their marginal tax bracket? b. What was their average tax bracket? (Do not round intermediate calculations. Enter your answer as a percent rounded.)