Question:Only need: Dividend payout ratio, Common dividends, Addition to retained earnings

(in thousands of dollars) 2018 2017 Assets Cash and cash equivalents 102,850 $ 89,725 Accounts receivable 103,365 85,527 Inventories 38,444 34,982 Total current assets 244,659 $ 210,234 Net fixed assets 67,165 42,436 Total assets 311,824 $ 252,670 Liabilities and equity Accounts payable 30,761 $ 23,109 Accruals 30,477 22,656 Notes payable 16,717 14,217 Total current liabilities 77,955 $ 59,982 Long-term debt 76,264 63,914 Total liabilities 154,219 $ 123,896 Common stock 100,000 90,000 Retained Earnings 57,605 38,774 Total common equity 157,605 $ 128,774 Total liabilities and equity 311,824 $ 252,670 a. Sales for 2018 were $455,150,000, and EBITDA was 15% of sales. Furthermore, depr. and amortization amounted to 11% of net fixed assets, interest was $8,575,000, the corporate tax rate was 40%, and Laiho pays 40% of its net income in dividends. Given this information, construct Laiho's 2018 income statement. The input information required for the problem is outlined in the "Key Input Data" section below. Using this data and the balance sheet above, we constructed the income statement shown below. KEY INPUT DATA: Laiho Industries Sales EBITDA as % of sales Depr. as a % of fixed assets Tax rate Interest expense Dividend payout ratio