Manaia Manufacturing had the following operating results for 2022: sales=\$30.224; cost of goods sold =\$21.758;...

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Accounting

Manaia Manufacturing had the following operating results for 2022: sales=\$30.224; cost of goods sold =\$21.758; depreciation expence=\$2.519* interest expense =\$ overline 549; dividends paid=\$853. At the beginning of the year, net fixed assets were $20,075, current assets were $2,941, and current liabilities were $3,887At the end of the year, net fixed assets were $23,092current assets were $4,458, and current liabilities were $3,093. The tax rate for 2022 was 22 percent.

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