Sunset Boards currently pays out 50 percent of net income as dividends to Tad and the other original investors, and it has a 20 percent tax rate. You are Christina’s assistant, and she has asked you to prepare the following:

1. An income statement for 2010 and 2011.

2. A balance sheet for 2010 and 2011.

3. Cash flow to creditors for 2011.

4. Cash flow to stockholders for 2011.

	2010	2011
CGS	163,849	206,886
Cash	23,643	35,721
Depreciation	46,255	52,282
Interest Expense	10,056	11,526
Selling & Admin	32,223	42,058
Acct Payable	41,786	47,325
Net Fixed Assets	204,068	248,625
Sales	321,437	391,810
Acct Receivable	16,753	21,732
Notes payable	19,046	20,796
LT Debt	103,006	116,334
Inventory	32,255	43,381
New Equity	0	20,500