create the balance sheets for 2007 and 2008 and create the statement of cash flows for 2008. Show work please.

Writing assignments (Due Saturday as a Word or Excel file) Show ALL work Use the below information to answer the following questions: 2007 Sales Depreciation Cost of goods sold Other Expenses 238 Interest Cash Accounts Receivables 1992 Short-term Notes 2008 $3080 413 1121 196 221 1539 2244 273 $2870 413 | 987 192 1505 291 5040 - Payable Long-term debt Net fixed assets Accounts Payable 1581 Tax rate3542 Inventory *Payout ratio 12,621 34% 52% 5880 12,922 1533 34% 3640 52%. *Dividends payout ratio x net income. Create the Income Statements for 2007 and 2008 (including dividends paid and retained earnings). 1. Create the Balance Sheets for 2007 & 2008. Create the statement of Cash Flows for 2008. a. b