Given the financial information for the XYZ Co., A) Prepare a Statement of Cash Flows for the year ended December 31, 2022. B) What is the dividend payout ratio? XYZ Co. Balance Sheet Assets 2021 2022 Cash $45,000 $50,000 Marketable Securities 175,000 160,000 Accounts Receivable 240,000 220,000 Inventories 230,000 275,000 Investments 70,000 55,000 Total current assets $760,000 $760,000 Plant and Equipment 1,300,000 1,550,000 Less Accumulated 450,000 600,000 Amortization Net plant and Equipment $850,000 $950,000 Total Assets 1,610,000 1,710,000 LIABILITIES AND SHAREHOLDERS' EQUITY Accounts payable $110,000 $85,000 Notes payable 65,000 10,000 Accrued Expenses 30,000 5,000 Income Taxes Payable 5,000 10,000 Bonds Payable (2023) 800,000 900,000 Common Stock (100,000 200,000 200,000 . shares) Retained Earnings 400,000 500,000 Total Liabilities' and $1,610,000 $1,710,000 Shareholders' Equity XYZ Co. Income Statement For the Year Ended December 31, 2022 Sales $5,500,000 Less: Cost of Goods Sold 4,200,000 Gross Profit 1,300,000 Less: Selling, General & Administrative 260,000 Expenses Operating profit 1,040,000 Less: Amortization Expense 150,000 Earnings Before Interest and Taxes 890,000 Less: Interest Expense 90,000 Earnings Before Taxes 800,000 Less: Taxes (50%) Net Income 400,000 $ 400,000