2. Using this data below, construct an income statement. Last year Sun Skateboards had $200,000 in revenues. The company had $70,000 in COGS and $30,000 is SG&A. It was in the 40% corporate tax rate. They had depreciation expense of $35,000 and interest expense of $20,000. 3. Last year Sun Skateboards had $80,000 in current assets (20%cash, 30% accounts receivable, 40% inventory and 10% pre-paid expenses); $47,000 in current liabilities and $25,000 in long term debt. It had $61,000 in fixed assets. Determine the amount of shareholders equity and construct a balance sheet for Sun Skateboards. 4. Last year, Sun Skateboards had $50,000 in operating cash flow, $45,000 in financing cash flow and $30,000 in investing cash flow. Paid $44,000 to employees, $15,000 for rent, $5000 for utilities, $15,000 in dividends, Generate a statement of cash flows for Sun Skateboards.