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Please help me I have all the right answers I believe, am not sure what it wants me to add here its giving me such
Please help me I have all the right answers I believe, am not sure what it wants me to add here its giving me such a headache, and i'm about to submit as is and take the lower grade. I checked all examples the professor gave and literally none of them give me any indication of whats wrong here.
Problem 2-21 (Static) Prepare an income statement, balance sheet, and statement of changes in stockholders' equity; analyze results LO 2-2, 2-3, 2-4 The information on the following page was obtained from the records of Breanna Incorporated: Except as otherwise indicated, assume that all balance sheet items reflect account balances at December 31,2022 , and that all income statement items reflect activities that occurred during the year ended December 31,2022 . There were no changes in paid-in capital during the year. Required: a. Prepare an income statement and statement of changes in stockholders' equity for the year ended December 31,2022 , and a balance sheet at December 31, 2022, for Breanna Incorporated. Based on the financial statements that you have prepared for part a, answer the questions in parts b-e. 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 (i.e., what proportion of the company's earnings is used for dividends)? Prepare a balance sheet at December 31, 2022, for Breanna Incorporated. Note: Enter decreases with a minus sign to indicate a negative financial statement effectStep by Step Solution
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