During 2019, Rainbow Umbrella Corp. had sales of $860,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $680,000, $85,000, and $10,000. In addition, the company had an interest expense of $55,000 and a tax rate of 21%.

suppose the company paid out $9,000 in cash dividends. capital spending was zero. the company experienced zero change in net working capital. no new stock was issued during the year.

*Please show all calculations and work for each part of the question

A) construct the 2019 income statement for Rainbow Umbrella Corp

B) calculate the cash flow from assets

C) calculate the cash flow to stockholders

D) calculate the cash flow to bondholders

E) calculate the net new debt issued by the Rainbow Umbrella Corp.