Part 2: Financial Statements Review (35 marks) 1. Build the statement of comprehensive income and statement of financial position for CanDo Inc. based on the information given below, as of December 31, 2016. Round all numbers to the nearest integer. Accounts payable $172,000 Accounts receivable $195,000 Cash and cash equivalents $106,000 COGS $251,300 Common stock $1,231,000 Depreciation $42,000 Dividend payout ratio 40% Interest paid $66,600 Inventory $121,000 Long-term debt $1,332,000 Net fixed assets $2,889,000 Sales $468,000 Short-term debt $377,000 Tax rate 31% Number of shares 1,000,000 Price per share $0.50 2. Obtain the following values from the statement of comprehensive income and statement of financial position: a. Total current assets b. Total current liabilities C. Retained earnings d. Total owners' equity e. Total assets f. Earnings before depreciation, interest, and taxes (EBDIT) g. Earnings before interest and taxes (EBIT) h. Dividends i. Addition to retained earnings