Background: You are the Board of Acme Manufacturing. The Chief Financial Officer is presenting the income statements for the last two years (2013 and 2014). She presented the following results (all numbers are in thousands of $): 2013 2014 Revenue $10,500 $12,200 Costs of Goods Sold 5,000 5,500 Gross Profit 5,500 6,700 Sales and General Administration Costs 1,000 1,200 R&D Expense 200 200 You are also told the depreciation in 2013 was $1,000, taxes were $1,600 and interest expenses were $100. You do not have that information for 2014. (1) What is the EBITDA for 2014? (2) What is the EBITDA for 2013? (3) What is the EBIT for 2013? Additional Background: You are further told that the balance sheet at the end of 2013 had $17,500 in Assets and $7,500 in liabilities. By difference you can figure out the owner's equity at the end of 2013. During 2014 the company retained $500 after paying out the remainder of EAT to shareholders as a dividend. No shares were issued or bought back during the period. There was no additional debt issued or bought back. (4) What are the Assets on the Balance Sheet at the end of 2014? (5) What is the owner's equity at the end of 2014?||