sunset boards currently pays out 50 percent of net income as dividends to Tad and the other original investors and has a 21 percent tax rate. You are jameson's assistant, and he has asked you to prepare the following:

1. an income statement for 2018 and 2019.

2. a balance sheet for 2018 and 2019.

3. operating cash flow for each year.

4. cash flow from assets for 2019.

5. cash flow to creditors for 2019.

6. cash flow to stockholders for 2019.

  

Cost of goods sold Cash Depreciation Interest expense Selling and administrative expenses Accounts payable Net fixed assets Sales Accounts receivable Notes payable Long-term debt Inventory New equity 2018 $224,359 32,372 63,334 13,783 44,121 57,220 279,419 440,122 22,939 26,079 141,040 48,272 0 2019 $283,281 34,394 71,584 15,780 57,586 63,479 348,508 536,483 29,755 28,474 158,368 66,244 27,157