31 Deep Falls Timber 2015 Income Statement $642,100 409,800 138,400 $ 93,900 15,600 $ 78,300 27,500 S 50,800 Net sales Cost of goods sold EBIT Interest Taxable income Taxes Net income $12,700 Deep Falls Timber Balance Sheets as of December 31, 2014 and 2015 2015 2014 58,900 $ 61,200 20,00030,000 134,700 164,500 2015 2014 32,300 46,900Accounts payable Cash Accounts receivable Inventory 50,70058,300 Notes payable 70,500 75,800Long-term debt Common stock and paid-in surplus Net fixed assets 504500 41000 ($1 par value) 220,000 200,000 224400 186 300 Retained eamings Total liabilites & Tol assd$58.000 642.000 owners' equty 658,000 |2000 | | owners' equity $658,000 $642000 What are the days' sales in inventory for 2015? (Use ending inventory) A) 62.79 days B) 67.51 days C) 40.08 days D) 42.97 days