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Use the following information for Quad Cities Manufacturing, Inc. , to address the following two questions (assume the tax rate is 34 percent): Sales $12,730

Use the following information for Quad Cities Manufacturing, Inc., to address the following two questions (assume the tax rate is 34 percent):

Sales

$12,730

$14,229

Depreciation

1,827

1,910

Cost of goods sold

4,377

5,178

Other expenses

1,041

906

Interest

854

1,019

Cash

6,674

7,113

Accounts receivable

8,837

10,371

Short-term notes payable

1,288

1,262

Long-term debt

22,352

27,099

Net fixed assets

55,977

59,700

Accounts payable

4,822

5,108

Inventory

15,711

16,817

Dividends

1,522

1,780

Financial Statements: Draw up an income statement and balance sheet for this company for 2015 and 2016.

Calculating Cash Flow: For 2016, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders.

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