The Information on the following page was obtained from the records of Breanna Incorporated: Accounts receivable Accumulated depreciation $ 10,800 Cost of goods sold Income tax expense Cash Net sales 51,400 126,000 8,500 64,000 209,000 Equipment 121,000 Selling, general, and administrative expenses 34,000 Common stock (8,100 shares) 92,000 Accounts payable 14,000 Retained earnings, 1/1/22 22,100 Interest expense 5,300 Merchandise inventory 38,300 Long-tern debt Dividends declared and paid during 2022 37,000 17,600 Except as otherwise indicated, assume that all balance sheet items reflect account balances at December 31, 2022, and that all income statement items reflect activities that occurred during the year enders 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 stockholders' equity for the year ended December 31, 2022, and a balance sheet at December 31, 2022, for Breanna Incorporated. Based on the financial 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 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. d. What is the par value per share of common stock? e. What is the company's dividend policy (l.e., what proportion of the company's earnings is used for dividends)? Complete this question by entering vour answers in the tahe halaw Int Complete this question by entering your answers in the tabs below. ences Req A1 Req A2 Req A3 Req B to E b. What is the company's average income tax rate? Note: 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. Note: Round your final answer to the nearest whole percentage. d. What is the par value per share of common stock? Note: Round your final answer to the nearest whole Dollars. e. What is the company's dividend policy (I.e., what proportion of the company's earnings is used for dividends)? Note: Round your final answer to the nearest whole percentage. b. Average income tax rate c. Interest rate d. Par value per share e. Dividend % % % Show less A