Corgi Corp. had the following operating results for 2023 & 2022. Corgi Corp. paid dividends of $80,000 per year In both years and made capital expenditures of $230,000 in both years. The company's stock price in 2022 was $14.20 and $12.50 In 2023. In 2023, the Industry average earnings multiple was 8 and the free cash flow and sales multiples were 7 and 1.35, respectively. The company is publicly owned and has 450,000 shares of outstanding stock at the end of 2023. Balance Sheet, Dec 31, 2023 Cash Accounts Receivable Inventory Total Current Assets Long-lived Assets Total Assets Current Liabilities Long-term Debt Shareholder Equity Total Debt and Equity Sales Cost of Sales Gross Margin Operating Expenses Operating Income Taxes Net Income $ 397,710 $ 209,700 2022 $ 200,000 $ 425,000 $ 409,700 $ 300,000 $ 1,017,110 1,773,870 $ 2,790,980 $ 610,445 644,535 1,536,000 $ 925,000 2,000,000 $ 2,925,000 $ 500,000 600,000 1,825,000 $ 2,925,000 $ 2,790,980 Income Statement, for year ended Dec 31, 2023 $ 3,800,000 2022 $ 3,040,000 1,976,000 1,064,000 2,280,000 1,520,000 912,000 533,280 608,000 530,720 243,200 212,288 $ 364,800 $ 318,432 Cash Flow From Operations Net Income Plus Depreciation Expense -Decrease (-Inc) In AccRec. and Inv. Increase (-dec) In Cur. Llabl. Cash Flow from Operations 2023 $ 364,800 165,000 2022 $ 318,432 165,000 105,600 110,445 $ 745,845 $ 483,432 Questions and required calculations for Corgi Corp. follow on the next page.