Assets: Cash Accounts Receivable (net) Inventory Fixed assets (gross) Less: Accumulated depreciation Total assets $10,000 6,000 8,000 11,000 (4,000 $31.000 $ 6,000 1,500 10,000 10,000 (2.000) $25,500 Liabilities and Stockholders' Equity: Accounts payable Deferred revenues Long-term note payable Less: Discount on note payable Common stock Retained earnings Total liabilities and stockholders' equity $ 5.000 1,000 10,000 (800) 11,000 4.800 $31.000 $ 6,000 2,000 10,000 (1,000) 5,000 3,500 $25,500 Income Statement For the year ended December 31, 2019 Revenues Cost of goods sold Depreciation expense Interest expense Bad debt expense Other expense (including income taxes) Net income $42,000 (24,000) (2,000) (3.000) (2,000) (9,000 $ 2.000 Fixed assets (gross) Less: Accumulated depreciation Total assets 8,000 11,000 (4,000 $31.000 10,000 10,000 (2.000) $25.500 Liabilities and Stockholders' Equity: Accounts payable Deferred revenues Long-term note payable Less: Discount on note payable Common stock Retained earnings Total liabilities and stockholders' equity $ 5,000 1,000 10,000 (800) 11,000 4,800 $31.000 $ 6,000 2,000 10,000 (1,000) 5,000 3,500 $25,500 Income Statement For the year ended December 31, 2019 Revenues Cost of goods sold Depreciation expense Interest expense Bad debt expense Other expense (including income taxes) Net income $42,000 (24,000) (2.000) (3,000) (2.000) (9,000 $2,000 Based on the information above, the 2019 Return on common equity (ROCE) for Bearkat Industries is