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Input area: In Thousands$ 2021 2022 Cost of goods sold 196,619 248,263 Cash 28,372 42,865 Depreciation 55,506 62,738 Interest expense 12,067 13,831 Selling & Administrative
Input area: In Thousands$ 2021 2022 Cost of goods sold 196,619 248,263 Cash 28,372 42,865 Depreciation 55,506 62,738 Interest expense 12,067 13,831 Selling & Administrative 38,668 50,469 Accounts payable 20,143 34,091 Net fixed assets 244,881 298,350 Sales 385,724 470,172 Accounts receivable 20,104 26,078 Notes payable 22.855 24.955 Long-term debt 123,607 140,000 Inventory 38,706 52,057 New equity 15,000 Tax rate 21% 21% Dividend percentage 25% 30% Instructions To earn credit, please make sure to use referecne cell in formular. For example, to enter "Sales" in 2021, you should enter "=D14". If you directly enter numbers as your answers below, there would be no credit. If you don't know how to use reference cell in formular, please watch https://support.microsoft.com/en-us/office/video-understand-and-use-cell-references-ecb125bb-c0cb-48c1-b30f-cdb3aec052bl Questions: 1. Complete Income Statement of 2021 & 2022 2. Complete Balance Sheet of 2021 & 2022 Output area
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