Problem 2 (8 Marks) ABC Corp. is a medium-sized corporation in the paper products industry. It has a corporate tax rate of 35%. For the recent period, the firm's cost of goods sold is $247,000, interest expense is $32,000, depreciation expense is $43,000, and total sales is $586,000. a. If the firm has 85,000 shares outstanding, and if it retains $98,600 of earnings and pays the rest of the earnings as dividends, what is the dividend amount paid per share? Hint: it may be helpful to construct an income statement. (6pts) b. What is the operating cash flow for ABC Corp. for this period? (2pts) Problem 3 (6 Marks) For Belize Inc., the following information is given to you from their financial statements for 2021. 2021 Sales $8,085 Depreciation 1,085 Current assets 20,447 Cost of goods sold 1,942 Other expenses 515 Interest 579 Cash 5,000 Notes payable 600 Long-term debt 15,435 Net fixed assets 33,291 Accounts payable 4,025 Inventory 9,555 Dividend 1,011 Accounts Receivables: ?? Owners Equity: ?? Construct the statement of financial position (Balance sheet) for Belize Inc. for the end of 2021 using only some or all the entries provided above