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Cost of goods sold $169,969 214,607 Cash 24,524 26,056 Depreciation 47,980 54,230 Interest expense 10,442 11,954 Selling & administrative expenses 33,425 43,626 Accounts payable 43,344

Cost of goods sold $169,969 214,607
Cash 24,524 26,056
Depreciation 47,980 54,230
Interest expense 10,442 11,954
Selling & administrative expenses 33,425 43,626
Accounts payable 43,344 48,090
Net fixed assets 211,680 264,021
Sales 333,426 406,427
Accounts receivable 17,378 22,542
Notes payable 19,757 21,571
Long-term debt 106,848 119,976
Inventory 36,570 50,185
New equity 0 20,160

Sunset Boards currently pays out 50 percent of net income as dividends to Tad and the other original investors, and has a 20 percent tax rate. You are Paulas assistant, and she has asked you to prepare the following:

1. An income statement for 2013 and 2014.

2. A balance sheet for 2013 and 2014.

3. Operating cash flow for each year.

4. Cash flow from assets for 2014.

5. Cash flow to creditors for 2014.

6. Cash flow to stockholders for 2014.

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