Q4. Al Risga Metro Corporation has reported the following financial information for the year 2020 Revenue: $580 million; Cost of Goods Sold: 60% of revenue; Operating expenses: 10% of revenue; Book Value of PPE: $200 million; Rate of Depreciation: 15% on Book Value of Assets; Long-term debt as at the beginning of the year: $300 million; Interest rate on Long-term Debt: 7% p.a.; Investments made by the firm in fixed deposits: $400 million Rate of interest on fixed deposits: 6% p.a. Gain on Sale of Assets: $6 million; Tax rate: 25%; (Hint: D&A is $30 million; Interest expense: $21 million; Interest Income: $24 million; Common Stock at the end : $200 million; Retained Earnings at the end - Retained earnings at the beginning + Net Income - Dividends;) bian halnya ama Additional Information: Common Stock at the beginning of the year: $150 million; Additional Common Stock issued during the year: $50 million Retained Earnings at the beginning of the year: $50 million Preferred Dividend paid for the year: $ 7 million; Common Stock Dividend paid for the year: Nil Number of Shares of common stock outstanding: 12 million. Q4. Al Rigga Metro Corporation has reported the following financial information for the year 2020 Revenue: $580 million; Cost of Goods Sold: 60% of revenue; Operating expenses: 10% of revenue; Book Value of PPE: $200 million; Rate of Depreciation: 15% on Book Value of Assets; Long-term debt as at the beginning of the year: $300 million; Interest rate on Long-term Debt: 7% p.a.; Investments made by the firm in fixed deposits: $400 million. Rate of interest on fixed deposits: 6% p.a. Gain on Sale of Assets: $6 million; Tax rate: 25%; (Hint: D&A is $30 million; Interest expense: $21 million; Interest Income: $24 million; Common Stock at the end : $200 million; Retained Earnings at the end - Retained earnings at the beginning + Net Income - Dividends; ) Additional Information: Common Stock at the beginning of the year: $150 million; Additional Common Stock issued during the year: $50 million Retained Earnings at the beginning of the year: $50 million Preferred Dividend paid for the year: $ 7 million; Common Stock Dividend paid for the year: Nil Number of Shares of common stock outstanding: 12 million. . I Required: a) Prepare the income statement for the Year 2020. b) Determine the Stockholders Equity at the end of 2020. c) Determine the EPS for the year 2020