ABC Co. financial data for 2020 & 2019 are given below: 2020 2019 Total Assets $877,000 $885,000 Total Liabilities 647,000 535,000 Cash 58,000 39,000 Interest-bearing Debt 567,000 415,000 Net Income 155,000 131,000 Interest Expense 12,300 7,400 Tax Expense 15,000 15,200 Depreciation Expense 46,500 36,000