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Financial Statements, Cash Flow, and Taxes Laiho Industries: Balance Sheets as of December 31 (in thousands of dollars) a. Constructing the firm's 2021 income statement
Financial Statements, Cash Flow, and Taxes Laiho Industries: Balance Sheets as of December 31 (in thousands of dollars) a. Constructing the firm's 2021 income statement a. Constructing the firm's 2021 income statement Laiho Industries: financial information for 2021 (in thousands of dollars) Laiho Industries: Income Statement for Year Ending December 31, 2021 (in thousands of dollars) Common dividends #N/A 52 Addition to retained earnings \#N/A b. Constructing the statement of stockholders' equity for the year ending December 31,2021 , and the 2021 statement of cash flows Laiho Industries: Statement of Stockholders' Equity, December 31, 2021 58 (in thousands of dollars) Laiho Industries: Statement of Cash Flows for 2021 (in thousands of dollars) Operating Activities Net income 1 Depreciation and amortization 72 Increase in accounts payable 73 Increase in accruals \begin{tabular}{lll} 74 & Increase in accounts receivable & #N/A \\ 75 & Increase in inventories & #N/A \\ 76 & Net cash provided by operating activities & #N/A \\ \hline 77 & & #N/A \\ \hline \hline \end{tabular} 94 c. Calculating 2020 and 2021 net operating working capital (NOWC) and 2021 free cash flow (FCF) 95 Excesss cash
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