The following information was obtained from the records of Shae Inc.: Merchandise inventory Notes payable (long-term) Net sales Buildings and equipment Selling, general, and administrative expenses Accounts receivable Common stock (25,000 shares) Income tax expense Cash Retained earnings, 1/1/19 Accrued liabilities Cost of goods sold Accumulated depreciation Interest expense Accounts payable Dividends declared and paid during 2019 $ 153,000 170,000 510,000 306,000 51,000 76,500 250,000 31,620 291,009 153,750 10,200 306,000 137, 700 47, 600 51,000 19,921 Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req A3 Req B to E Prepare an income statement for the year ended December 31, 2019, for Shae Inc. (Enter decreases with a minus sign to indicate a negative financial statement effect.) SHAE INC. Income Statement For the Year Ended December 31, 2019 0 0 0 $ 0 Reg A1 Reg A2 > Complete this question by entering your answers in the tabs below. Reg A1 Req[A2 Req A3 Req B to E Prepare a statement of changes in stockholders' equity for the year ended December 31, 2019, for Shae Inc. (Enter decreases with a minus sign to indicate a negative financial statement effect.) SHAE INC. Statement of Changes in Stockholders' Equity For the Year Ended December 31, 2019 Paid-in capital Retained earnings Beginning balance 0 Ending balance Total stockholders' equity $ 0 Balance Sheet December 31, 2019 Assets Total current assets $ 0 Total assets $ 0 Liabilities Total liabilities $ 0 Stockholders' Equity $ 0 Total stockholders' equity Total liabilities and stockholders' equity $ 0 uiviends) Complete this question by entering your answers in the tabs below. Req A1 Reg A2 Req A3 Req B to E b. What is the company's average income tax rate? (Round your final answer to the nearest whole percentage.) c. What interest rate is charged on long-term debt? Assume that the year-end balance of long-term debt is representative of the average long-term debt account balance throughout the year. (Round your final answer to the nearest whole percentage.) d. What is the par value per share of common stock? (Round your final answer to the nearest whole Dollars.) e. What is the company's dividend policy (l.e., what proportion of the company's earnings is used for dividends)? (Round your final answer to the nearest whole percentage.) Show less % b. Average income tax rate C. Interest rate d. Par value per share e Dividend