Part One Introduction Problems 31-38. data om Fincorpio 2018 and 2019, while the income 18 or 2019. All vol The Able below contains data on Fincorp Inc. thar you should use for Pro sther items correspond to values al year end 2018 and 2019, while the correspond to news or expenses during the year ending in either 2018 thowsands of dollars. 2018 $4,000 1,600 Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes Accounts payable Accounts receivable Net fixed assets Long-term debt Notes payable Dividends paid Cash and marketable securities 500 300 500 150 400 300 400 5,000 2,000 1,000 410 800 2019 $4,100 1,700 520 350 550 150 420 350 450 5,800 2.400 600 410 300 SOL *Taxes are paid in their entirety in the year that the tax obligation is incurred. Net foued assets are fixed assets net of accumulated depreciation since the asset was installed 31. Balance Sheet. Construct a balance sheet for Fincorp for 2018 and 2019. What is shareholde equity? (LO3-1) 32. Working Capital. What was the change in net working capital during the year? (LO3- 33. Income Statement. Construct an income statement for Fincorp for 2018 and 2019. What reinvested earnings for 2019? (LO3-1) 34. Earnings per Share. Suppose that Fincorp has 500,000 shares outstanding, What were ings per share in 2019? (LO3-) Balance Sheet. Examine the values for depreciation in 2019 and net fixed assets in 20 2019. What was incorp's gross investment in plant and equipment during 20197 (LU 36. Book versus Market value. Suppose that the market value in thousands of dollars) corn's fixed assets in 2019 1 $6,000 and that the value of its long term debt is only addition, the consensus among investors is that incorp's past investments in develop skills of its employees are worth $2,900. This investment of course does not show up halance sheet. What will be the price per share of Fincorp stock? (L03-2) 37. Income versus Cash Flows. Construct a statement of cash out 2019, (LU ds of dollars) of Fe only $2,200. eveloping the low up on the Tax Rates. What was the firm's average tax bracket for each year? (L03-4)