2 and 3 qus please ms Corporation Financial Data 2018 2019 Sales $ 4,119 $ 4,439 Cost...

2 and 3 qus please

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ms Corporation Financial Data 2018 2019 Sales $ 4,119 $ 4,439 Cost of goods sold $ 3,050 $ 3,215 Depreciation $ 975 $ 1,018 Interest $ 250 $ 275 Dividends $ 300 $ 340 Current assets $ 2,140 $ 2,346 Net fixed assets $ 8,190 $ 7,563 Current liabilities $ 854 $ 1,123 Long-term debt $ 2,150 $ 2,895 1) Using the information provided prepare the balance sheets for 2018 & 2019 Professor Willis Corporation Balance Sheets 2018 2019 2018 Current Assets Net Fixed Assets $ 2140 $8190 $ 2346 Current Liabilities $ 854 2019 $1123 $ 7563 Long-Term Debt $ 2150 $ 2895 Shareholder Equity $7326 $ 5891 Total Assets $ 10330 $ 9909 Total Liabilities & Equity $ 10330 $ 9099 2) Using a flat tax rate of 21%, prepare an income statement for 2019 Professor Willis Corporation Income Statement $ 3507 $ 2540 $213 Sales Cost of goods sold Depreciation EBIT Interest Paid Taxable Income Taxes Net Income Dividends Addition to Retained Earnings 3) Utilizing the financial statements that you've developed for Professor Willis Corporation, answer the following questions: a. What is the Operating Cash Flow? b. What is their Net Investment from the Fixed Assets? ms Corporation Financial Data 2018 2019 Sales $ 4,119 $ 4,439 Cost of goods sold $ 3,050 $ 3,215 Depreciation $ 975 $ 1,018 Interest $ 250 $ 275 Dividends $ 300 $ 340 Current assets $ 2,140 $ 2,346 Net fixed assets $ 8,190 $ 7,563 Current liabilities $ 854 $ 1,123 Long-term debt $ 2,150 $ 2,895 1) Using the information provided prepare the balance sheets for 2018 & 2019 Professor Willis Corporation Balance Sheets 2018 2019 2018 Current Assets Net Fixed Assets $ 2140 $8190 $ 2346 Current Liabilities $ 854 2019 $1123 $ 7563 Long-Term Debt $ 2150 $ 2895 Shareholder Equity $7326 $ 5891 Total Assets $ 10330 $ 9909 Total Liabilities & Equity $ 10330 $ 9099 2) Using a flat tax rate of 21%, prepare an income statement for 2019 Professor Willis Corporation Income Statement $ 3507 $ 2540 $213 Sales Cost of goods sold Depreciation EBIT Interest Paid Taxable Income Taxes Net Income Dividends Addition to Retained Earnings 3) Utilizing the financial statements that you've developed for Professor Willis Corporation, answer the following questions: a. What is the Operating Cash Flow? b. What is their Net Investment from the Fixed Assets?