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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 21 percent tax
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 Sierra's assistant, and he has asked you to prepare the following: 1. An income statement for 2021 and 2022. 2. A balance sheet for 2021 and 2022. 3. Operating cash flow for each year. 4. Cash flow from assets for 2022. 5. Cash flow to creditors for 2022. 6. Cash flow to stockholders for 2022
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