5. Van Auken Lumber's 2010 financial statements are shown below. Van Auken Lumber: Balance Sheet as of December 31, 2010 (Thousands of Dollars) Cash $1,800 Accounts payable $ 7,200 Receivables 10,800 Notes payable 3,472 Inventories 12,600 Accruals 2.520 Total current assets $25,200 Total current liabilities $13.192 Net fixed assets 21,600 Mortgage bonds 5,000 Common stock 2,000 Retained earnings 26,60R Total assets $46,800 Total liabilities and equity $46,800 Van Auken Lumber: Income Statement for December 31, 2010 (Thousands of Dollars) Sales S36,000 Operating costs 30,783 Earnings before interest and taxes $ 5.217 Interest 717 Earnings before taxes $4,500 Taxes (40%) 1.800 Net income $ 2,700 Dividends (60%) S 1.620 Addition to retained earnings S 1,080