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 Comon stock (25,000 shares) Income tax expense Cash Retained earnings, 1/1/19 Accrued 1 Labities Cost of goods sold Accumulated depreciation Interest expense Accounts payable Dividends declared and pasd during 2019 $103,500 115,000 345,000 207,000 34,500 52,750 150,000 24,840 177,657 92,250 6.900 207,000 93,150 20,700 34,500 9,893 Except as otherwise indicated, assume that all balance sheet items reflect account balances at Decemb statement items reflect activities that occurred during the year ended December 31, 2019. There were nt during the year. Required: a. Prepare an income statement and statement of changes in stockholders' equity for the year ended Dec balance sheet at December 31, 2019. o- Shae Inc. Based on the financial statements that you have preo questions in parts b-e. b. What is the company's average Income tax rate? c. What interest rate is charged on long term door? Assume that the year end balance of long-term cobtisn average long-term debt account balance throughout the year. d. What the par value per share of common stock? e. What is the company's dividend policy 0.c. what proportion of the company's earnings s used for dvided Complete this question by entering your answers in the tabs below. Reg A2 Reg AB Reato Pranean come statement for the year ended December 31, 2019 for Snae incerter des with annus sit ancastatement effect) SHAE INC