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Laiho Industries's 2 0 2 0 and 2 0 2 1 balance sheets ( in thousands of dollars ) are shown. Laiho Industries: Balance Sheets

Laiho Industries's 2020 and 2021 balance sheets (in thousands of dollars) are shown.
Laiho Industries: Balance Sheets as of December 31(thousands of dollars)
20212020
Cash $ 101,254 $ 88,155
Accounts receivable 103,35687,501
Inventories 37,61534,609
Total current assets $ 242,225 $ 210,265
Net fixed assets 67,44442,220
Total assets $ 309,669 $ 252,485
Accounts payable $ 31,652 $ 24,170
Accruals 31,03423,377
Notes payable 16,16813,568
Total current liabilities $ 78,854 $ 61,115
Long-term debt 73,99662,896
Total liabilities $ 152,850 $ 124,011
Common stock 102,00092,000
Retained earnings 54,81936,474
Total common equity $ 156,819 $ 128,474
Total liabilities and equity $ 309,669 $ 252,485
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.
Download spreadsheet Financial Statements, Cash Flow, and Taxes-d6d822.xlsx
Sales for 2021 were $445,150,000, and EBITDA was 15% of sales. Furthermore, depreciation and amortization were 18% of net fixed assets, interest was $8,264,000, the corporate tax rate was 25%, and Laiho pays 47.25% 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)

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