Given Data 2016 2017

Cost of Goods Sold $201943 $252768

Cash $30629 $32567

Depreciation 56876 64826

Interest expense 13130 14925

Selling & Administrative Expenses 43130 53753

Accounts Payable 52910 58998

Notes Payable 24308 26915

Long-term Debt 129342 144570

Inventory 45785 58425

Tax Rate 35% 35%

Dividend Payout % 50% 50%

Prepare income statement, balance sheet, and operating cashflow for the year 2016 and 2017.