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Laiho Industries December 31 Balance Sheets (in thousands of dollars) 2018 2017 Assets Cash Accounts receivable Inventories Total current assets Net fixed assets Total assets

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Laiho Industries December 31 Balance Sheets (in thousands of dollars) 2018 2017 Assets Cash Accounts receivable Inventories Total current assets Net fixed assets Total assets 102,850 103,365 38,444 244,659 67,165 311,824 89,725 85,527 34,982 210,234 42,436 252,670 Liabilities and equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity 30,761 30,477 16,717 77,955 76,263.634 154,218.634 100,000 57,605 157,605 311,823.634 23,109 22,656 14,217 59,982 63,914 123,896 90,000 38,774 128,774 252,670 a. Sales for 2018 were $455,150,000, and EBITDA was 15% of sales. Furthermore, depreciation and amortization were 11% of net fixed assets, interest was $8,575,000, the corporate tax rate was 40%, and Laiho pays 40% of its net income as dividends. Given this information, construct the firm's 2018 income statement

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