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Laiho Industries: Balance Sheets as of December 3 1 ( thousands of dollars ) | | 2 0 2 1 | 2 0 2 0

Laiho Industries: Balance Sheets as of December 31(thousands of dollars)||2021|2020||----------------------|-----------|----------|| Cash | $107,614| $90,340|| Accounts receivable | $102,121| $86,124|| Inventories | $38,941| $35,487|| Total current assets | $248,676| $211,951|| Net fixed assets | $69,566| $43,695|| Total assets | $318,242| $255,646|||||| Accounts payable | $32,544| $24,390|| Accruals | $28,065| $21,224|| Notes payable | $14,731| $12,251|| Total current liabilities | $75,340| $57,865|| Long-term debt | $74,650| $63,750|| Total liabilities | $149,990| $121,615|| Common stock | $102,500| $90,000|| Retained earnings | $65,752| $44,031|| Total common equity | $168,252| $134,031|| Total liabilities and equity | $318,242| $255,646|---Sales for 2021 were $466,150,000, and EBITDA was 16% of sales. Furthermore, depreciation and amortization were 17% of net fixed assets, interest was $8,875,000, the corporate tax rate was 25%, and Laiho pays 46.25% 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 | $466,150|| Operating costs excluding depreciation and amortization |_|| EBITDA | $_|| Depreciation and amortization|_|| EBIT | $_|| Interest |_|| EBT | $_|| Taxes (25%)|_|| Net income | $_||||| Common dividends | $_|| Addition to retained earnings| $_|-Construct the statement of stockholders' equity for the year ending December 31,2021, and the 2021 statement of cash flows. Hint: The difference in accumulated depreciation from one year to the next is the annual depreciation expense for the year.-Laiho Industries: Statement of Stockholders' Equity, December 31,2021(thousands of dollars)|| Common Stock | Retained Earnings | Total Stockholders' Equity ||---------------------------|--------------|-------------------|----------------------------|| Balances, December 31,2020| $_| $_| $_|| Common stock issue |_|_|||2021 Net income ||| $_|| Cash dividends ||| $_|| Addition to retained earnings ||| $_|| Balances, December 31,2021| $_| $_| $_|---Laiho Industries: Statement of Cash Flows for 2021(thousands of dollars)||2021||--------------------------------|-------------------|| Operating Activities ||| Net income | $_|| Depreciation and amortization |_|| Increase in accounts payable |_|| Increase in accruals |_|| Increase in accounts receivable|_|| Increase in inventories |_|| Net cash provided by operating activities | $_||||| Investing Activities ||| Additions to property, plant, and equipment | $_|| Net cash used in investing activities | $_||

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