At the end of last month, Paarl Manufacturing had $45,963 in the bank. It owed the bank $223,500 for their mortgage. It also hac a working capital loan of $31,500. Its customers owed $22,937 and it owed its suppliers $12,984. The company owned property worth $252,000. It had $125,000 in finished goods, $104,000 in raw materials, and $39,500 in work in progress. Its production equipment was worth $452,000 when new (partially paid for by a large government loan due to be paid back in three years) but had accumulated a total of $244,000 in depreciation- $33,000 worth last month. The company has investors who put up $98,000 for their ownership. It has been reasonably profitable; this month the gross income from sales was $224,000, and the costs associated with sales was only $42,000. Expenses were also relatively low; salaries were $47,000 last month, while the other expenses were depreciation, maintenance at $1440, advertising at $3550, anc insurance at $330. In spite of $32,906 in accrued taxes (Paarl pays taxes at 55 percent), the company had retained earnings of $134,000. Construct a balance sheet (as of the end of this month) and income statement (for this month) for Paarl Manufacturing. Should t company release some of its retained earnings through dividends at this time? First, construct a balance sheet as of the end of this month. Start with the assets section of the balance sheet and then the liahilitioe and nusnore' ari lit, continne