The information on the following page was obtained from the records of Breanna Incorporated: Accounts receivable $40,000, Accumulated depreciation 208,000 . Cost of goods sold 512,000 Income tax expense 32,000 Cash 260,000 . Net sales 800,000 . Equipment 480,000 . Selling, general, and administrative expenses 136,000 . Common stock (36,000 shares) 360,000 Accounts payable 60,000 . Retained earnings, 1/1/19 92,000 . Interest expense 24,000 Merchandise inventory 148,000 . Long-term debt 160,0000. Dividends declared and paid during 201948,000 Questions A- prepare an income statement and statement of changes in stockholders' equity for the year ended December 31, 2019, and a balance sheet at December 31, 2019. For Breanna Inc. Based on the financial statements that you have prepared for part A, answer the questions B,C,DE 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 longterm debt is representative of the average long-term debt account balance throughout the vear D- What is the par value per share of common stock? E- What is the company's dividend policy? (i.e. What proportion of the company's earnings is used for dividends)