Q1. Sam's Bakery has sales of $576,000 with costs of $382,000. Interest expense is $15,000 and depreciation is $31,000. The tax rate is 27%. What is the net income? Show your work in Excel. Use Excel to caluclate the answer using functions & formulas as appropriate. Display your work with an arrangement similar to the oneon the right. Q2. Bob Equipment Rental paid $64 in dividends and $517 in interest expense. The addition to retained earnings is $327 and net new equity is $400. The tax rate is 27%. Sales are $14,900 and depreciation is $570. What are the earnings before interest and taxes? Q3. Suppose you are given the following information for Panola Bread: sales=$30,000; costs $10,000; addition to retained earnings =$4,365; dividends paid $485; interest expense $1,200; tax rate=30 percent. What is the amount of the depreciation expense? Q4. A firm has $345 in inventory, $942 in fixed assets, $210 in accounts recievables, $320 in accounts payable, and $65 in cash. What is the amount of the current assets?