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please complete steps a-c! begin{tabular}{|c|c|c|} hline Income Statement & 2019 & 2020 hline Sales & $150,000.00 & $175,00000 hline Cost of Goods &

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\begin{tabular}{|c|c|c|} \hline Income Statement & 2019 & 2020 \\ \hline Sales & $150,000.00 & $175,00000 \\ \hline Cost of Goods & $35,000.00 & $38,500,00 \\ \hline Gross Profit & $115,00000 & $136,500.00 \\ \hline SEA & $15,000.00 & $16,500.00 \\ \hline Depreciation & $20,000.00 & $20,000.00 \\ \hline & $80,000,00 & $100,000.00 \\ \hline Interest & $5,450.00 & $3,437.18 \\ \hline T & $74,550.00 & $96,56282 \\ \hline Taxes & $29,820.00 & $38,625,13 \\ \hline Net Income & $44,730.00 & $57,937.69 \\ \hline Dividends & $13,419.00 & $17,381,31 \\ \hline Addition to Retained Earnings & $31,311,00 & $40,55638 \\ \hline Balance Sheet & 2019 & 2020 \\ \hline \multicolumn{3}{|l|}{ Assets } \\ \hline Cash and Cash Equivalents & $3,000.00 & $3,300.00 \\ \hline Acc Receivable & $20,000.00 & $22,000.00 \\ \hline Inventory & $10,000.00 & $11,000.00 \\ \hline Short Term Investments & $0.00 & $2,000.00 \\ \hline Current Assets & $33,000,00 & $38,300.00 \\ \hline GrossPPE & $500,000.00 & $530,000.00 \\ \hline Accumulated Depreciation & $100,000.00 & $120,000.00 \\ \hline NetPPE & $400,000.00 & $410,000.00 \\ \hline Total Assets & $433,000,00 & $448,300,00 \\ \hline \multicolumn{3}{|l|}{ Liabilities and Equity } \\ \hline Accounts Payable & $20,000.00 & $22,000,00 \\ \hline Accruals & $3,000.00 & $3,000.00 \\ \hline Notes Payables & $15,000.00 & $15,000,00 \\ \hline Current Liabilities & $38,000.00 & $40,000,00 \\ \hline Long Term Debt & $100,000.00 & $59,743.62 \\ \hline Total Liabilities & $138,000.00 & se99,743,62 \\ \hline & & \\ \hline Retained Eamings & $98,000,00 & $138,556,38 \\ \hline Preferred Stock & $10,000.00 & $10,000,00 \\ \hline Common Slock & $200,000.00 & $200,000.00 \\ \hline Total Equity & $308,000,00 & $348,55638 \\ \hline Total Liabilities and Equity & $433,000,00 & $44830 \\ \hline \end{tabular} NOPAT=EBR(1T) Compute the 2020 NIOC NIOC=TNOC(P)TNOC Compute the 2020 FCFs FCFS = NOPAT N NIOC

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