Problem 1 (100 pts) PIZHAMKA Inc. is a cloth retailer that had the following items on the Balance Sheet in year 2019: Retained Earnings - $755 Inventory - $250 (bought 25 units of pizhamka from Aliexpress) Cash - $40 Receivables - $25 Payables - $60 Shareholder's Equity - $100 Debt - $200 (bullet type debt that should be repaid in 2022, with annual interest rate of 10%) PP&E - $800 During Year 2020 PIZHAMKA Inc. sold 20 units of pizhamka at price of $80 per unit. Also all Receivables and Payables has been paid out during the year 2020. Assume the corporate income tax rate is 20% and depreciation (assume it's part of operational expense) is 20% per year. Dividend payout ratio of PIZHAMKA Inc. is promised to be 25% per annum for the next 5 years. a) (12 pts) Buid up the Balance Sheet of PIZHAMKA Inc. as of the end of Year 2019. b) (24 pts) Show the P&L, Cash Flow Statement of PIZHAMKA Inc. for the Year 2020 and the Balance Sheet of PIZHAMKA Inc. as of the end Year 2020. During Year 2021 PIZHAMKA Inc. sold 5 units of previous year collection of pizhamka at price of $40 per unit and 10 units of 2021 year collection of pizhamka at price of $80 per unit. The 2021 year collection of pizhamka was not bought from Aliexpress, but was instead manufactured by Russian children in Himki district. One Russian child got a wage of 7$ per 1 pizhamka. Moreover, one supervisor (Vasiliy, ex prisoner, 55 years old) was hired in order to control Russian children, he was paid a fix salary of $22 for that. c) (32 pts) Show the P&L, Cash Flow Statement of PIZHAMKA Inc. for the Year 2021 and the Balance Sheet of PIZHAMKA Inc. as of the end Year 2021. During Year 2022 PIZHAMKA Inc. obtained gross profit of $1000. At the very beginning of 2022 PIZHAMKA Inc. fired Vasiliy and bought video cameras that costed $100 and have the expected lifetime period of 10 years with $10 residual value. Moreover, the company repaid debts. d) (32 pts) Show the P&L, Cash Flow Statement of PIZHAMKA Inc. for the Year 2022 and the Balance Sheet of PIZHAMKA Inc. as of the end Year 2022