Create Income Statement for 2021 and 2020 (20 Points)

Create Balance Sheet for 2021 and 2020 (20 Points)

Create Cash Flow Statement for 2021 (30 Points)

Note: The numbers in financial statements are both market and book values. That means book and market values are the same, which are the current numbers in the statements.

2) \begin{tabular}{|l|c|c|c|} \hline \multicolumn{4}{|c|}{ Racul Bookstore Inc. Financial Information For the Years 2020 and 2021($000s)} \\ \hline & 2021 & 2020 & Belongs to \\ \hline Sales & 2900000 & 2350000 & \\ \hline Marketable Securities & 25000 & 21000 & BS/CA \\ \hline Accounts Payable & 505000 & 310000 & \\ \hline Depreciation & 62000 & 58000 & \\ \hline Common Stock (\$2 par) & ? & ? & BS/OE \\ \hline Accumulated Depreciation & 547000 & 485000 & \\ \hline Cash & 52000 & 41000 & \\ \hline Interest Expense & 112000 & 68000 & \\ \hline Inventory & 515000 & 420000 & \\ \hline Long-term Debt & 1168100 & 1061000 & \\ \hline Cost of Goods Sold & 2030000 & 1645000 & \\ \hline Lease Expense & 65000 & 65000 & IS \\ \hline Retained Earnings & ? & 536000 & \\ \hline Plant \& Equipment & 2680000 & 2170000 & \\ \hline Accounts Receivable & 420000 & 372000 & \\ \hline Accrued Expenses & 35000 & 30000 & BS/CL \\ \hline Selling \& Admin. Expense & 425000 & 390000 & \\ \hline Additional Paid-in-Capital & 691000 & 542000 & BS/OE \\ \hline Note 1: & & & \\ \hline Tax Rate & 0.35 & 0.35 & \\ \hline Shares & 38000 & 30000 & \\ \hline Earnings per Share & 3.523684211 & 2.686666667 & \\ \hline No dividend distributed in 2021 & & \\ \hline \end{tabular} 2) \begin{tabular}{|l|c|c|c|} \hline \multicolumn{4}{|c|}{ Racul Bookstore Inc. Financial Information For the Years 2020 and 2021($000s)} \\ \hline & 2021 & 2020 & Belongs to \\ \hline Sales & 2900000 & 2350000 & \\ \hline Marketable Securities & 25000 & 21000 & BS/CA \\ \hline Accounts Payable & 505000 & 310000 & \\ \hline Depreciation & 62000 & 58000 & \\ \hline Common Stock (\$2 par) & ? & ? & BS/OE \\ \hline Accumulated Depreciation & 547000 & 485000 & \\ \hline Cash & 52000 & 41000 & \\ \hline Interest Expense & 112000 & 68000 & \\ \hline Inventory & 515000 & 420000 & \\ \hline Long-term Debt & 1168100 & 1061000 & \\ \hline Cost of Goods Sold & 2030000 & 1645000 & \\ \hline Lease Expense & 65000 & 65000 & IS \\ \hline Retained Earnings & ? & 536000 & \\ \hline Plant \& Equipment & 2680000 & 2170000 & \\ \hline Accounts Receivable & 420000 & 372000 & \\ \hline Accrued Expenses & 35000 & 30000 & BS/CL \\ \hline Selling \& Admin. Expense & 425000 & 390000 & \\ \hline Additional Paid-in-Capital & 691000 & 542000 & BS/OE \\ \hline Note 1: & & & \\ \hline Tax Rate & 0.35 & 0.35 & \\ \hline Shares & 38000 & 30000 & \\ \hline Earnings per Share & 3.523684211 & 2.686666667 & \\ \hline No dividend distributed in 2021 & & \\ \hline \end{tabular}