Organic Tea, Inc. is a small company that grows and sells organic tea

Organic Tea, Inc. is a small company that grows and sells organic tea. Tony Bal is the founder of the company. She does not have a background in business. As a result, the company’s financial records are not well maintained.Tony plans to expand her business. Company’s expansion plans require a significant investment, which she plans to finance with a combination of additional funds from outsiders plus some money borrowed from banks. Naturally, the new investors and creditors require more organized and detailed financial statements than Tony has previously prepared. At the urging of her investors and after rooting through old bank statements, sales receipts, tax returns, and other records, Tony has assembled the following information:2013 2014New equity $0 $10,000Sales $299,085 $389,125Interest Expense $9,988 $11,000SG&A Expense $33,425 $43,626Accts Recie. $13,222 $25,687COGS $128,878 $197,001Inventory $36,570 $50,185Net Fixed Assets $188,023 $231,065Accts Pay. $43,344 $47,742Notes Payable $17,463 $20,196Long-term debt $104,255 $118,000Cash $24,524 $27,500Depreciation $31,981 $34,444Organic Tea currently pays out 50 percent of net income as dividends to Tony and the other original investors, and has a 20 percent tax rate.Tony has asked you to prepare the following:1. An income statement for 2013 and 2014.2. A balance sheet for 2013 and 2014.3. Operating cash flow for each year.4. Cash flow from assets for 2014.5. Cash flow to creditors for 2014.6. Cash flow to stockholders for 2014.