Cost of goods sold $306,726 2020 2021 $387,290 Cash 44,261 66,870 Depreciation 86,590 97,871 Interest expense 18,824 21,576 Selling and administrative 60,322 78,732 Accounts payable 31,423 53,181 Net fixed assets 382,014 465,426 Sales Accounts receivable Notes payable Long-term debt 601,729 733,469 31,363 40,681 35.654 38,929 192,827 210,408 Inventory New equity 60,382 81,209 0 23,400 Sunset Boards currently pays out 40 percent of net income as dividends to Tad and the other original investors, and it has a 21 percent tax rate. You are Christina's assistant, and she has asked you to prepare the following: 1. An income statement for 2020 and 2021. 2. A balance sheet for 2020 and 2021. 3. Operating cash flow for each year. 4. Cash flow from assets for 2021. 5. Cash flow to creditors for 2021. 6. Cash flow to stockholders for 2021. QUESTIONS 1. How would you describe Sunset Boards's cash flows for 2021? Write a brief discussion. 2. In light of your discussion in the previous question, what do you think about Tad's expansion plans?