The information on the following page was obtained from the records of Breanna Incorporated: Accounts receivable Accumulated depreciation Cost of goods sold Income tax expense Cash Net sales Equipment Selling, general, and administrative expenses Common stock (8,100 shares) Accounts payable Retained earnings, 1/1/22 Interest expense Merchandise inventory Long-term debt Dividends declared and paid during 2022 $ 10,800 51,400 122,000 9,000 63,000 198,000 120,000 39,000 93,000 12,400 23,750 5,300 37,100 39,000 11,350 A 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 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 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 (i.e., what proportion of the company's earnings is used for dividends)?

The information on the following page was obtained from the records of Breanna Incorporoted. Except as otherwise indicated, assume that ali balance sheet items reflect account balonces at Decernber 31.2022 . and that af income statement items reflect activities that occurred during the year ended December 31.2022 . There were no changes in paid in capital during the year: Required: Q. Prepare an income statement and statement of changes in stockholders' equity for the year ended December 31,2022 , and a balance sheet at Decernber 31, 2022, for Breanna incorporated. Based on the financial statements that you have prepared for part 0 , onswer 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 (ie, what proportion of the company's earnings is used for dividends)