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 Jamesons

assistant, and he has asked you to prepare the

following:

1. An income statement for 2015 and 2016.

2. A balance sheet for 2015 and 2016.

3. Operating cash flow for each year.

4. Cash flow from assets for 2016.

5. Cash flow to creditors for 2016.

6. Cash flow to stockholders for 2016.