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hello, could you please answer this question so that I will be able to learn how to do it? Thank you! Laiho Industries's 2020 and

hello, could you please answer this question so that I will be able to learn how to do it? Thank you!

Laiho Industries's 2020 and 2021 balance sheets (in thousands of dollars) are shown.

Laiho Industries: Balance Sheets as of December 31 (thousands of dollars)
2021 2020
Cash $ 104,458 $ 87,950
Accounts receivable 104,876 87,325
Inventories 37,441 34,247
Total current assets $ 246,775 $ 209,522
Net fixed assets 67,702 42,669
Total assets $ 314,477 $ 252,191
Accounts payable $ 32,246 $ 24,060
Accruals 33,220 24,455
Notes payable 17,308 14,318
Total current liabilities $ 82,774 $ 62,833
Long-term debt 80,132 65,832
Total liabilities $ 162,906 $ 128,665
Common stock 95,500 88,000
Retained earnings 56,071 35,526
Total common equity $ 151,571 $ 123,526
Total liabilities and equity $ 314,477 $ 252,191

The data has been collected in the Microsoft Excel file below. Download the spreadsheet and perform the required analysis to answer the questions below. Do not round intermediate calculations. Enter your answers in thousands. For example, an answer of $1 thousand should be entered as 1, not 1,000. Round your answers to the nearest whole number. Use a minus sign to enter negative values, if any.

Download spreadsheet Financial Statements, Cash Flow, and Taxes-68ec72.xlsx

Sales for 2021 were $456,150,000, and EBITDA was 16% of sales. Furthermore, depreciation and amortization were 19% of net fixed assets, interest was $8,191,000, the corporate tax rate was 25%, and Laiho pays 47.25% of its net income as dividends. Given this information, construct the firm's 2021 income statement.

Laiho Industries: Income Statement for Year Ending December 31, 2021 (thousands of dollars)
2021
Sales $
Operating costs excluding depreciation and amortization -
EBITDA $
Depreciation and amortization -
EBIT $
Interest -
EBT $
Taxes (25%) -
Net income $
Common dividends $
Addition to retained earnings

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