The information on the following pape was obtained from the records of Breanna incorporated: Except as otherwise indicated, assume that all bolance sheet itoms refect account balances at December 31,2022 , and that all income ststement items reflect actuities that occurred during the year ended December 31, 2022. There were no changes in poid in copital 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 bolance sheet at Decomber 31, 2022, for Breanne incorporated, Based on the financial statements thot you have prepared for part a, answer the questions in parts be. b. What is the company's average income tax rate? c. What interest rate is charged on longtem debt? Assume that the year-end balance of long torm debt is representative of the overage longterm debt occount balance throughout the yoar. d. What is the par value per share of common stock? 6. What is the companys dividend policy (ie; what proportion of the companys eamings is used for dividendsy? Complete this question by entering your answars in the tabs below. b. What is the company's average income tax rate? c. What weferect rate is charoed on long-term debet Awwe that the Year-end balance af iong-term otbt is representative of bie average long-tern debt account bolance throughout the year. Fech. Hound yogat 'interst rate" antwer to 1 decinul place: d. What is the par volue per share of common itaco? A. What is the combantit devidend pelicy (i f. , whot proportion of the compernk earnings in uned for dividende)? Complete this question by entering your answers in the tabs below. Prepare an income statement for the year ended December 31, 2022, for Breanna Incorporated. Note: Enter decreases with a minus sign to indicate a negative financial statement effect. Complete this question by entering your answers in the tabs below. Prepare a statement of changes in stockholders' equity for the year ended December 31, 2022, for Breanna Incorporated. Note: Enter decreases with a minus sign to Indicate a negative financial statement effect. Prepare a balance sheet at December 31, 2022, for Breanna incorporated. Note: Enter decreasos with a minus slgn to indicate a negative financial statement effect. Complete this question by entering your answers in the tabs below. b. What is the company's average Income tax fate? 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 "Interst rate" answer to 1 decimal place. d. What is the par value per share of common stock? 6. What it the company's dividend policy (i.e., what proportion of the company's earnings is used for dividends)? The information on the following pape was obtained from the records of Breanna incorporated: Except as otherwise indicated, assume that all bolance sheet itoms refect account balances at December 31,2022 , and that all income ststement items reflect actuities that occurred during the year ended December 31, 2022. There were no changes in poid in copital 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 bolance sheet at Decomber 31, 2022, for Breanne incorporated, Based on the financial statements thot you have prepared for part a, answer the questions in parts be. b. What is the company's average income tax rate? c. What interest rate is charged on longtem debt? Assume that the year-end balance of long torm debt is representative of the overage longterm debt occount balance throughout the yoar. d. What is the par value per share of common stock? 6. What is the companys dividend policy (ie; what proportion of the companys eamings is used for dividendsy? Complete this question by entering your answars in the tabs below. b. What is the company's average income tax rate? c. What weferect rate is charoed on long-term debet Awwe that the Year-end balance af iong-term otbt is representative of bie average long-tern debt account bolance throughout the year. Fech. Hound yogat 'interst rate" antwer to 1 decinul place: d. What is the par volue per share of common itaco? A. What is the combantit devidend pelicy (i f. , whot proportion of the compernk earnings in uned for dividende)? Complete this question by entering your answers in the tabs below. Prepare an income statement for the year ended December 31, 2022, for Breanna Incorporated. Note: Enter decreases with a minus sign to indicate a negative financial statement effect. Complete this question by entering your answers in the tabs below. Prepare a statement of changes in stockholders' equity for the year ended December 31, 2022, for Breanna Incorporated. Note: Enter decreases with a minus sign to Indicate a negative financial statement effect. Prepare a balance sheet at December 31, 2022, for Breanna incorporated. Note: Enter decreasos with a minus slgn to indicate a negative financial statement effect. Complete this question by entering your answers in the tabs below. b. What is the company's average Income tax fate? 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 "Interst rate" answer to 1 decimal place. d. What is the par value per share of common stock? 6. What it the company's dividend policy (i.e., what proportion of the company's earnings is used for dividends)
