Jersey Bikes is a small company that manufactures and sells motorcycles in Montclair. Ben Wolfe, the founder of the company, and oversees the design and sale of the surfboards, but his background is in motorcycling, not business. As a result, the company's financial records are not well maintained. The initial investment in Jersey Bikes was provided by Ben and his friends and family. Because the initial investment was relatively small, and the company has made motorcycles only for its own store, the investors haven't required detailed financial statements from Ben. But thanks to word of mouth among professional surfers, sales have picked up recently, and Ben is considering a major expansion. His plans include opening another motorcycle store in Morristown. Ben's expansion plans require a significant investment, which he plans to finance with a combination of additional funds from outsiders plus some money borrowed from banks. Naturally, the new investors and creditors require more organized and detailed financial statements than Ben has previously prepared. At the urging of his investors, Ben has hired financial analyst Wendy Marks to evaluate the performance of the company over the past year. After rooting through old bank statements, sales receipts, tax returns, and other records, Wendy has assembled the Jersey Bikes currently pays out 40 percent of net income as dividends to Ben and the other original investors and has a 21 percent tax rate. You are Wendy's assistant, and she has asked you to prepare the following: 1. An income statement for 2020 and 2021. [5 points] 2. A balance sheet for 2020 and 2021. [5 points] 3. Operating cash flow for each year. [2.5 points] 4. Cash flow from assets for 2021. [2.5 points] 5. Cash flow to creditors for 2021. [2.5 points] 6. Cash flow to stockholders for 2021. [2.5 points] 7. How would you describe Jersey Bike's cash flows for 2020 and 2021. Write a brief discussion. [5 points]