Excel Activity: Financial Statements, Cash Flow, and Taxes Laiho Industries's 2020 and 2021 balance sheets (in thousands of dollars) are shown. Laiho Industries: Balance Sheets as of December 31 (thousands of dollars) 2021 Cash $107,028 2020 $91,110 Accounts receivable 101,084 83,669 Inventories 37,231 33,831 Total current assets $245,343 $208,610 Net fixed assets Total assets 65,552 $310,895 $250,129 41,519 Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity $ 32,114 30,247 18,909 $ 81,270 78,213 $159,483 $ 24,620 22,740 16,189 $ 63,549 64,013 $127,562 102,500 90,000 48,912 32,567 $151,412 $122,567 $310,895 $250,129 The data has been collected in the Microsoft Excel file below. Download the spreadsheet and perform the requi example, an answer of $1 thousand should be entered as 1, not 1,000. Round your answers to the nearest wh Download spreadsheet Financial Statements. Cash Flow, and Taxes-a4f165.xlsx a. Sales for 2021 were $444,650,000, and EBITDA was 14% of sales. Furthermore, depreciation and amortiz income as dividends. Given this information, construct the firm's 2021 income statement. Laiho Industries: Income Statement for Year Ending December 31, 2021 (thousands of dollars) Back 2021 Sales $ Operating costs excluding depreciation and amortization EBITDA $ Depreciation and amortization mancial Statements, Cash Flow, and Taxes Sales for 2021 were $444,650,000, and EBITDA was 14% of sales. Furthermore, deprecation and amor were 17% of the income as dividends. Given this information, construct the firm's 2021 income statement Laiho Industries: Income Statement for Year Ending December 31, 2021 (thousands of dollars) Sales 2021 Operating costs excluding depreciation and amortization " EBITDA Depreciation and amortization EBIT Interest EBT Taxes (25%) Net income Common dividends Addition to retained earnings $ $ $ b. Construct the statement of stockholders' equity for the year ending December 31, 2021, and the 2021 statement of cash flow int. The a expense for the year. Laiho Industries: Statement of Stockholders' Equity, December 31, 2021 (thousands of dollars) Common Stock Retained Earnings Total Stockholders Equity Balances, December 31, 2020 Common stock issue 2021 Net income Construct the statement of stockholders may for the year ending December 31, 281, the 2021 of how the diferenci Laito Industries: Statement of Stockholders' Equity, December 31, 2021 (hands of Common Stock Common stock 2021 Net incom Cash dividends Balances, December 31, 2021 La Industries Statement of Cash Flows for 2021 (thousands of Operating Activiti Investing Activiti Faning Ac Cash W 3031