Homework Questions Use this financial statement information to answer the questions below. Given Year n Year n - 1 1 Short-term investments 1,000 1 Short-term investments $ 5,200 2 Interest 2,000 2 Cash 12,000 3 Depreciation and amortization 5,000 3 Accruals 3,000 4 Cash 6,000 4 Notes payable S 2,000 5 Accruals 2,500 5 Accounts payable 1,500 6 Notes payable 3,000 6 Long-term debt 4,950 7 Accounts payable 2,000 7 Inventories 1,700 8 Long-term debt 5,700 8 Accounts receivable 5,900 9 Inventories 3,000 9 Common stock 5,000 10 Accounts receivable 6,500 10 Net plant and equipment $ 7,500 11 Common stock 5,000 12 Operating expenses 6,000 13 Sales 21,000 14 Tax rate 15 Net plant and equipment 40% 12,000 Question 1: Create a concrete detailed Year n income statement. (This question is worth 2 points) Question 2: Create a concrete detailed Year n balance sheet. (This question is worth 2 points) Question 3: Create a concrete detailed Year n-1 balance sheet. (This question is worth 2 points) Question 4: Show all calculations in determining the free cash flow for Year n. (This question is worth 4 points)