Need help on practice homework. Need to know how you got the answer as well as the answer.

The purpose of this assignment is to support your review and application of the concepts presented in this week's assigned reading. SHOW YOUR WORK below. Providing the final answer alone, will result in only partial credit. Questions and Problems 1. The Income Statement: WINBIG,Inc. has sales of $210,000 in 2016. The company experiences costs of goods sold of $83,000, selling and administrative expenses of $11,000 and a depreciation expense of $18,000. Interest expense for this year is $15,000. Assuming a tax rate of 34 percent, what is the net income for your firm? 2. Dividends and Retained Earnings: Suppose the firm in Problem 1 has a dividend payout ratio of 48%. a. How much will the firm pay out in dividends? b. How much is the addition to retained earnings? c. Assuming WINBIG has 100,000 shares outstanding, calculate the EPS. 3. The Balance Sheet: in the space below, construct a balance sheet for LOSERS, Inc. The company has current assets of $11,800, net fixed assets of $34,500, current liabilities of $10,500, and long-term debt of $32,900. What is the value of the shareholders' equity account for this firm? b. How much is net working capital for LOSERS, Inc.? c. What does this NWC calculation mean for the company? 4. Operating Cash Flows: SHAKEITUP, Inc., is in the 34% tax bracket. The company needs to estimate their Operating Cash Flow for planning purposes in 2017. Assume that the company has estimated sales of $198,000, costs of $68,000, depreciation expense of $12,000, and interest expense of $21,000. How much is the company's operating cashflow for 2017? 5. Corporate Taxes: SHAKEITUP, Inc. had a taxable income of $115,000 in 2016. They were subject to the tax rates listed below. Using the rates in the table below, calculate the company's 2016 income taxes. 6. Average vs. Marginal Tax rates: What is the average tax rate for SHAKEITUP Corporation in 2016? What is the marginal tax rate? 7. Calculating Cash Flows: SHOWYOURSTUFF, Inc. recorded the following information on its 2016 income statement: Sales = $3,645,000; Costs = $1,244,000; other expenses = $86,000; depreciations expense = $57,000; interest expense = $62,400. The company has a dividend payout ratio of 50% and is in the 34% tax bracket (for simplicity of the problem, assume all income is taxed at 34%) In addition, the firm issued $16,900 in new equity during 2016 and redeemed $15,000 in outstanding long-term debt. a. Construct an income statement for SHOWYOURSTUFF, Inc. Circle the Net Income for the firm. b. How much was paid out to shareholders? c. How much was kept in the form of retained earnings for the firm? d. What is the 2016 operating cash flow? e. What is the 2016 cash flow to creditors? f. What is the 2016 cash flow to stockholders? 8. If you put $25,000 in an account earning 5% interest, how much will you have in 5 years