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Sunset Boards currently pays out 50 percent of net income as dividends to Tad and the other original investors, and has a 20 percent tax
Sunset Boards currently pays out 50 percent of net income as dividends to Tad and the other original investors, and has a 20 percent tax rate. You are Christinas assistant, and she has asked you to prepare the following:
1. An income statement for 2008 and 2009. 2. A balance sheet for 2008 and 2009.
3. Operating cash flow for each year.
4. Cash flow from assets for 2009.
5. Cash flow to creditors for 2009.
6. Cash flow to stockholders for 2009.
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