The information on the following page was obtained from the records of Breanna Incorporated:

Accounts receivable $ $62,000$

Accumulated depreciation $126,000$

Cost of goods sold $280,000$

Income tax expense $14,340$

Cash $146,400$

Net sales $431,000$

Equipment $284,000$

Selling, general, and administrative expenses $70,000$

Common stock $(40,400$ shares$)202,000$

Accounts payable $52,000$

Retained earnings, $1/1/2246,760$

Interest expense $9,300$

Merchandise inventory $92,776$

Long$-$term debt $124,000$

Dividends declared and paid during $202222,944$

Except as otherwise indicated, assume that all balance sheet items reflect account balances at December $31,2022,$ and that all income statement items reflect activities that occurred during the year ended December $31,2022.$ There were no changes in paid$-$in capital during the year.

Required:

Prepare an income statement and statement of changes in stockholders' equity for the year ended December $31,2022,$ and a balance sheet at December $31,2022,$ for Breanna Incorporated. Based on the financial statements that you have prepared for part a$,$ answer the questions in parts b$-$e$.$

What is the company's average income tax rate?

What interest rate is charged on long$-$term debt? Assume that the year$-$end balance of long$-$term debt is representative of the average long$-$term debt account balance throughout the year.

What is the par value per share of common stock?

What is the company's dividend policy $($i$.$e$.,$ what proportion of the company's earnings is used for dividends$)?$