please answer the required section

The information on the following page was obtained from the records of Breanna inc: Accounts receivable Accumulated depreciation Cost of goods sold Income tax expense Cash Net sales Equipment Selling, general, and administrative expenses Common stock (36,000 shares), Accounts payable Retained earnings, 1/1/19 Interest expense Merchandise inventory Long-term debt Dividends declared and paid during 2019 $ 40,000 288,000 512,080 32,000 260,000 800,888 488,888 136,000 368,000 68,000 92,888 24,000 148,888 160,000 48,000 Except as otherwise indicated, assume that all balance sheet items reflect account balances at December 31, 2019, and that all income statement items reflect activities that occurred during the year ended December 31, 2019. There were no changes in paid-in capital during the year. Required: a. Prepare an income statement and statement of changes in stockholdersequity for the year ended December 31, 2019, and a balance sheet at December 31, 2019, for Breanna Inc. Based on the financial statements that you have prepared for parta, answer the questions in parts be. b. What is the company's average income tax rate? c. What interest rate is charged on long-term debt? Assume that the year-end balance of long-term debt is representative of the average long-term debt account balance throughout the year. d. What is the par value per share of common stock? e. What is the company's dividend policy fe. what proportion of the company's earnings is used for dividends?? Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 Reg B to Req A3 Prepare an income statement for the year ended December 31, 2019, for Breanna Inc. (Enter decreases with a minus sign to indicate a negative financial statement effect) BREANNA INC Income Statement For the Year Ended December 31, 2019 Reg A2 >