Problem 2-21 (Algo) 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: Accounts receivable Accumulated depreciation Cost of goods sold Income tax expense Cash Net sales $ 10,600 51,900 122,000) 8,000 Equipment Selling, general, and administrative expenses Common stock (9,300 shares) Accounts payable Retained earnings, 1/1/22 Interest expense Merchandise inventory Long-term debt Dividends declared and paid during 2022 62,500 201,000 129,000 34,000 90,000 10,500 34,500 5,600 38,500 38,000 15,700 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