Financial statements, cash flow and taxes The 2018 and 2019 year-end balance sheets of Kairos Industries are shown below: 2019 2018 Cash $102,950 $89,825 Accounts receivable 103,465 85,627 Inventories 38, 544 35,082 Total current assets 244,959 210,534 Property, plant and equipment 67,265 42,536 Total assets 312,224 253,070 Accounts payable 30,861 23,209 Accruals 30,577 22,756 Obligations payable 16,817 14,317 Total current liabilities 78,255 60,282 Long-term liabilities 76,364 64,014 Total liabilities 154,619 124,296 Common stock 100,000 90,100 Retained earnings 57,605 38,874 Total stockholders' equity 157,605 128,974 Total liabilities plus stockholders' equity $312,224 $253,270 1.In 2019, Kairos Industries achieved sales of $330 million and EBITDA of 17% of sales. Depreciation amortization of fixed assets was 11% and interest paid was $2 million. On the other hand, the tax rate w 35% and 38% of net income is allocated to dividends. Prepare an income statement taking into consideration the data presented. 2.Prepare the statement of equity for the period ended December 31, 2019. 3. Taking into consideration that Kairos Industries has no available cash surplus, determine Free Cash Flow and operating working capital. 4Explain the effect it would have on taxes paid by shareholders and the company if Kairos Industries were to increase the rate it pays in dividends. 5.Calculate the economic value added (EVA) and market value added (MVA) in 2019, considering that the after-tax cost of capital is 12% and the stock price of Kairos Industries is $20 with 9 million shares outstanding