6. Following are financial statements for the Genatron Manufacturing Corporation for 2012 and 2011. GENATRON MANUFACTURING CORPORATION BALANCE SHEET 2012 2011 ASSETS Cash $40,000 $50,000 Accts. receivable 260,000 200,000 Inventory 500,000 450,000 Total current assets 800,000 700,000 Fixed assets, net 400,000 300,000 Total assets $1,200,000 $1,000,000 LIABILITIES AND EQUITY Accts. Payable $170,000 $130,000 Bank loan 90,000 90,000 Accruals 70,000 50,000 Total current liabilities 330,000 270,000 Long-term debt, 12% 400,000 300,000 Common stock, $10 par 300,000 300,000 Capital surplus 50,000 50,000 Retained earnings 120,000 80,000 Total liabilities & equity $1,200,000 $1,000,000 INCOME STATEMENT 2012 2011 Net sales $1,500,000 $1,300,000 Cost of goods sold 900,000 780,000 INCOME STATEMENT 2012 2011 Gross profit 600,000 520,000 Expenses: general and administrative 150,000 150,000 Marketing 150,000 130,000 Depreciation 53,000 40,000 Interest 57,000 45,000 Earnings before taxes 190,000 155,000 Income taxes 76,000 62,000 Net income $114,000 $93,000 a. Apply Du Pont analysis to both the 2012 and 2011 financial statements