Please show all your work, and do not solve it in Excel

FIN 3200 ASSIGNMENT 1 Use this information to work Problems KUIPERS ENTERPRISES 2014 Income Statement in millions $9,000 4,500 700 Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes (34%) Net income 600 1,088 $2,112 $1,512 600 Addition to retained earnings KUIPERS ENTERPRISES Balance Sheets as of December 31, 2013 and 2014 $ in millions) Assets 2013 2014 Liabilities and Owners' Equity 2013 2014 Current assets Current liabilities S 404 S 247 Accounts payable 1,115 1,616 Notes payable 2,8704,225 Other $ 650 679 400 250 Receivables 375 219 Total 4389 6,088 Total 1,244 1329 Fixed assets Long-term debt Owners' equity 3,40 3,150 Net plant and equipment 84528,100 Common stock Capital surplus Retained earnings 500 500 1,300 1,300 6,397 7,909 8,197 9.709 S12,841 $14,188 Total $21Totsl $12841 1418 Totsl Total $12841 $14 188