The information on the following page was obtained from the records of Breanna Inc.: Accounts receivable Accumulated depreciation Cost of goods sold Income tax expense Cash Net sales Equipment Selling, general, and administrative expenses Common stock (8,800 shares) Accounts payable Retained earnings, 1/1/19 Interest expense Merchandise inventory Long-term debt Dividends declared and paid during 2019 $ 10,500 51,400 126,000 8,500 61,000 203,000 123,000 35,000 98,000 13,700 17,650 5,800 37,100 37,000 13,850 Except as otherwise indicated, assume that all balance sheet items reflect account bala statement items reflect activities that occurred during the year ended December 31, 20 during the year Required: Prepare an income statement for the year ended December 31, 2019, for Breanna Inc. (Enter decreases wi indicate a negative financial statement effect.) BREANNA INC. Income Statement For the Year Ended December 31, 2019 mi 0 0 0 $ 0 Req A2 > Prey 4 of Interest expense Merchandise inventory Long-term debt Dividends declared and paid during 2019 5,800 37,100 37,000 13,850 Except as otherwise indicated, assume that all balance sheet items reflect account balances at December 31, 2019, and th statement items reflect activities that occurred during the year ended December 31, 2019. There were no changes in paid- during the year. Required: a. Prepare an income statement and statement of changes in sockholders' equity for the year ended December 31, 2019, balance sheet at December 31, 2019. for Breanna Inc. Based on the financial statements that you have prepared for par the questions in parts b-e. b. What is the company's average income tax rate? c. What interest rate is charged on long-term debt? Assume that the year-end balance of long-term debt is representative average long-term debt account balance throughout the year. d. What is the par value per share of common stock? e. What is the company's dividend policy (.e., what proportion of the company's earnings is used for dividends)? Complete this question by entering your answers in the tabs below. Reg A1 Req A2 Reg A3 Reg B to E Dronare an income statement for the veranded horamhar 31 2010 for Rraanna turntar doroscoe with minne einn to