provide calculation with explanation

s Problem 2-05A a The following are financial statements of Sunland Company. Sunland Company Income Statement For the Year Ended December 31, 2022 Net sales Cost of goods sold Selling and administrative expenses Interest expense Income tax expense Net income $2,238,000 1,014,000 908,000 80,000 74,000 $ 162,000 k Sunland Company Balance Sheet December 31, 2022 Assets Current assets Cash Debt investments Accounts receivable (net) Inventory Total current assets Plant assets (net) Total assets $ 56,400 81,000 169,400 184,600 491,400 575,000 $ 1,066,400 Labies and stockholders Current habilities Ants payable Income taxes payable Total current sites Donde payable Totallibilities stockholdersegy Common Mock Retained earnings Total stockholders' equity Totalities and stock deuty $ 159,000 30,000 189,000 210,000 199.900 347.000 319,500 666,500 51,066,400 Ascona normation: The net cash provided by operating activities for 2072 was $190,800. The ch used for capital opendeures was $5.500. The cash led to videndewa 12.00. The weighted common shares outstanding during the year was 50,000 (a) Compute the following values and ration for 2002. (We provide the results from 2021 for contive purposes and art Rate and rigs per have decimam, and Debt to assets ratio to I decimal place 78.9%. Enter negative amounts og either a negative sin preceding the number of me w Working Capital (20211 5160.500) (6) Current ratio (2021: 1.65:1) teach flow. (2021.545,700) (iv) Debt to assetrato (2001319) V tags per share (202133.15) common shares outstanding during the year was 50,000 (a) Compute the following values and ratios for 2022. Debt to assets ratio to 1 decimal place, e.g. 78 () Working capital. (2021: $160,500) (ii) Current ratio. (2021: 1.65:1) (iii) Free cash flow. (2021: $48,700) (iv) Debt to assets ratio. (2021: 31%) (v) Earnings per share. (2021: $3.15) Working capital Current ratio :1 3 3 3 Free cash flow $ (iv) Debt to assets ratio % (v) Earnings per share $