You have been provided with the following information for the year to/as at 30 Sept...

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Accounting

You have been provided with the following information for the year to/as at 30 Sept 2024:Sales$925,420 Cost of goods sold$473,900 Cash$29,460Selling & Administrative Expense$182,250 Accounts receivable$28,750Depreciation Expense$20,000 Accounts payable$13,900Notes payable 2025$21,000 Tax Expense$44,214Inventory$20,300 Interest Expense$28,200Long-term debt$199,100 Dividends paid$8,000Total assets$570,750 EBT$221,070 Required:Prepare the income statement and balance sheet for this business for 2024, based on the information provided above.Detail the amount that was added to retained earnings for the year.Compute the companys internal and sustainable growth rates for 2024.Given the information above and below, compute the Cash Flow from Assets, Cash Flow to/from Shareholders and to/from Creditors for 2024.(Assume that fixed assets sold during 2024 had a net value of $80,000 and that in 2023, all earnings were paid out as dividends)Please note marks will be awarded for layout and use of formula in this questionInformation for the year ended/as at 30 Sept 2023Sales$825,000Cost of goods sold$425,000 Cash$32,125Selling & Administrative Expense$163,200 Accounts receivable$25,169Depreciation Expense$15,000 Accounts payable$14,500Notes payable 2024$21,000 Tax Expense$16,500Inventory$19,700 Interest Expense$21,500Long-term debt$221,300Total assets$563,000
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