FINANCIAL STATEMENTS, CASH FLOW, AND TAXES Laiho Industries' 2010 and 2011 balance sheets (in thousands of dollars) are shown. Sales for 2011 were $455,150,000, and EBITDA was 15% of sales. Furthermore, depreciation and amortization were 11% of net fixed assets, interest was $8,575,000, the corporate tax rate was 40%, and Laiho pays 40% of its net income as dividends. Given this information, construct the firm's 2011 income statement. Construct the statement of stockholders' equity for the year ending December 31, 2011, and the 2011 statement of cash flows. Calculate 2010 and 2011 net operating working capital (NOWC) and 2011 free cash flow (FCF). if Laiho increased its dividend payout ratio, what effect would this have on corporate taxes paid? What effect would this have on taxes paid by the company's shareholders