5 The financial statements for Castile Products, Inc., are given below 0.5 points December 31 Current assets: 612 $20,000 250,000 Cash Accounts receivable, net Merchandise inventory Prepaid expenses Total current assets Property and equipment, net Total assets Liabilities and Stockholders' Equity Liabilities: 830,000 $1,461,e00 Current liabilities 290,000 Bonds payable, 10% Total liabilities Stockholders' equity: 630,808 s 180,000 651,000 831,000 $1,461,00e Common stock, $5 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Castile Products, Inc For the Year Ended December 31 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Interest expense $2,280,e00 1,280 1,880,e00 608,008 488,800 34,800 446,800 133,800 312,200 Income taxes (3e3) Net income