lookign to have a b c completed

F92 6 Balance Sheets 7 (in thousands of dollars) 2013 2012 9 Assets S91,450 $11,400 103,365 $38,444 $244,659 $67,165 311,824 $74,625 15,100 $85,527 34,982 $210,234 $42,436 $252,670 Cash and cash equivalents 11 Short-term investments 2 Accounts Receivable 4 Total current assets 15 Net fixed assets 16 Total assets 17 18 Liabilities and equity 19 Accounts payable 20 Accruals 21 Notes payable 22 Total current liabilities 23 Long-term debt 4 Total liabilities 25 Common stock 26 Retained Earnings 7 Total common equity 28 Total liabilities and equity 29 0a The company's 2013 sales were $455,150,000, and EBITDA was 15 percent of sales. Furthermore, depreciation $30,761 $30,477 23,109 22,656 $14,217 $59,982 77,955 154,219 100,000 $57,605 157,605 S123,896 90,000 $38,774 $128,774 $252,670 amounted to 11 percent of net fixed assets, interest charges were $8,575,000, the state-plus-federal corporate tax rate was 32 40 percent, and Watson pays 40 percent of its net income out in dividends. Given this information, construct Watson's 33 2013 income statement. 34 35 The input information required for the problem is outlined in the "Key Input Data" section below. Using this data and the balance 36 sheet above, we constructed the income statement shown below 37 38 Key Input Data for Watson Industries 39 40 Sales Revenue 1 EBITDA as a percent of sales 42 Depr. as a % of Fixed Assets 43 Tax rate 44 Interest Expense 45 Dividend Payout Ratio 46 $455,150 15% 1196 40% 40% 2013 48 Sales 49 Expenses excluding depreciation and amortization 0 EBITDA 51 Depreciation (Cumberland has no amortization charges) 52 EBIT 53 Interest Expense 54 EBT 55 Taxes (40%) 56 Net Income 2012 364,120 S321,109 $43,011 6,752 $36,259 $7,829 $28,430 $11,372 17,058 58 Common dividends 59 Addition to retained earnings 60 $6,823 $10,235 Case part 1 Case part 2