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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 $ 105,089 $ 90,430
Accounts receivable 102,75383,558
Inventories 36,89433,676
Total current assets $ 244,736 $ 207,664
Net fixed assets 65,60241,812
Total assets $ 310,338 $ 249,476
Accounts payable $ 31,859 $ 24,280
Accruals 29,32921,292
Notes payable 17,36714,367
Total current liabilities $ 78,555 $ 59,939
Long-term debt 78,02963,729
Total liabilities $ 156,584 $ 123,668
Common stock 103,00093,000
Retained earnings 50,75432,808
Total common equity $ 153,754 $ 125,808
Total liabilities and equity $ 310,338 $ 249,476
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-63d99b.xlsx
Sales for 2021 were $448,650,000, and EBITDA was 15% of sales. Furthermore, depreciation and amortization were 19% of net fixed assets, interest was $8,595,000, the corporate tax rate was 25%, and Laiho pays 48.25% 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 $ fill

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