Given the financial information for the A$.$E$.$ Neuman Corporation,

A$)$ Prepare a Statement of Cash Flows for the year ended December $31,20$X$5.$

B$)$ What is the dividend payout ratio?

C$)$ If we increased the dividend payout ratio to $100\%,$ what would happen to retained earnings?

A$.$E$.$ Neuman Corporation

Income Statement

For the Year Ended December $31,205$