Net sales Variable Costs Contribution Margin Fixed Costs Operating income (EBIT) Interest expense Earnings before taxes (EBT) Income tax expense Earnings after taxes (EAT) Manutech Ltd Income Statement Year Ended December 31 2019 $ 1,470,000 882,000 $ 588,000 177,000 $ 411,000 56,200 $ 354,800 106,440 $ 248,360 2018 $ 1,200,000 720,000 $ 480,000 114,000 $ 366,000 53,600 $ 312,400 93,720 $ 218,680 2018 $ Manutech Ltd Statement of Financial Position Year Ended December 31 2019 Assets Current Assets Cash $ 8,360 Accounts Receivable 150,000 Merchandise Inventory 112,000 Total Current Assets $ 270,360 Property, Plant and Equipment 1,555,000 Accumulated Depreciation (455.000) Property. Plant and Equiment (net) $1,100,000 Intangible Assets 120,000 Total Assets $ 1.490,360 79,500 105,000 90,000 $ 274,500 1,255,000 (290,000) $ 965,000 120.000 $ 1,359,500 $ 72,500 20,000 Liabilities & Shareholder's Equity Current Liabilities Accounts Payable Accrued Liabilities Bank Loan Total Current Liabilities Mortage Payable Total Liaibilities Shareholder's Equity Common Shares (10,000 issued) Retained Earnings Total Shareholder's Equity Total Liab & Shareholder's Equity $ 65,000 15,000 85,000 $ 165,000 650,000 $ 815,000 $ 92,500 670,000 $ 762,500 100,000 575,360 $ 675,360 $ 1,490,360 100,000 497,000 $ 597000 $1,359,500 An The Manutech Ltd had a good year in 2019. Sales were up significantly and are expected continue to grow in 2020. The company has hired you as their new financial analyst and they want you to finish creating the year end reporting package for the owner Specifically, you need to complete the table of ratios your predecessor started and comment on how the companys doing compared to industry averages. You also need to create the Statement of Cash Flows for 2019 Finally, they're a little concerned about the impact their high rate of growth is having on the financial stability of the company. They ask you to compare company results to industry results using the three components of DuPont analysis Q2. Statement of Cash Flows (20 marks) Create the Statement of Cash Flows using the template below. (Click on the reference template download below. Use this file to complete the cash flow statement Save the file as your name and upload the file using the upload a solution" link below) To help you complete the statement, please note the following: . Of the fixed costs for 2019, depreciation (the only non-cash item in fixed costs) amounts to $165,000 The Property, Plant and Equipment account reflects the purchase of a new piece of manufacturing machinery, purchased at a cost of $300,000 There were no other purchases or sales of Property. Plant and Equipment Although Bank Loan shows up in the current liabilities section, it should not be considered a current liability for Statement of Cash Flow purposes. It is a method of financing the balance sheet