Laiho Industries: Balance Sheets as of December 31 (thousands of dollars) 2021 2020 Cash $109,986 $ 89,815 Accounts receivable 101,398 84,546 Inventories 39,725 36,280 Total current assets $251,109 $210,641 Net fixed assets 65,810 42,611 Total assets $316,919 $253,252 $ 21,290 22,722 13,893 Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity $ 28,651 30,312 16,763 $ 75,726 76,204 $151,930 105,500 59,489 $164,989 $316,919 $ 57,905 62,504 $120,409 93,000 39,843 $132,843 $253,252 $ 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. x Download spreadsheet Financial Statements, Cash Flow, and Taxes-f1d065.xlsx a. Sales for 2021 were $466,650,000, and EBITDA was 15% of sales. Furthermore, depreciation and amortization were 19% of net fixed assets, interest was $8,759,000, 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 $ Operating costs excluding depreciation and amortization EBITDA $ Depreciation and amortization EBIT $ Interest $ Taxes (25% Net income $ Common dividends $ $ Addition to retained earnings b. 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) Total Stockholders' Common Stock Retained Earnings 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