The information on the following page was obtained from the records of Breanna incorporated: Except as otherwise indicated, assume that all bolance sheet items refiect account balances at December 3t, 2022, and that all income statement tems reflect activities that occurred during the year ended December 31,2022 . There were no changes in paid-in capital during the year: Required: a. Prepare an income statement and statement of changes in sockholders' equity for the year ended December 31, 2022, and a belance sheet at December 31, 2022, for Breanna incorporated. Bssed on the financlat statements that you have prepared for part a, answer the questions in parts b-e. b. What is the company's average income tax rate? c. What interest rate is charged on longterm debt? Assume that the yearend belance of long term debt is representative of the average lang-term debt account balance throughout the yeat d. What is the par vatue per share of common stock? e. What is the company's dividend policy (Le. what proportion of the company's earnings is used for dividends)? Complete this question by entering your answers in the tabs below. Propare an income statement for the yeor ended December 31, 2022, for Breams incorporated. Note: Enter decreaset with a micus dign te indicate a nogative financlal atateamsent effort. The information on the following page was obtained from the records of Breanna incorporated: Except as otherwise indicated, assume that all bolance sheet items refiect account balances at December 3t, 2022, and that all income statement tems reflect activities that occurred during the year ended December 31,2022 . There were no changes in paid-in capital during the year: Required: a. Prepare an income statement and statement of changes in sockholders' equity for the year ended December 31, 2022, and a belance sheet at December 31, 2022, for Breanna incorporated. Bssed on the financlat statements that you have prepared for part a, answer the questions in parts b-e. b. What is the company's average income tax rate? c. What interest rate is charged on longterm debt? Assume that the yearend belance of long term debt is representative of the average lang-term debt account balance throughout the yeat d. What is the par vatue per share of common stock? e. What is the company's dividend policy (Le. what proportion of the company's earnings is used for dividends)? Complete this question by entering your answers in the tabs below. Propare an income statement for the yeor ended December 31, 2022, for Breams incorporated. Note: Enter decreaset with a micus dign te indicate a nogative financlal atateamsent effort
