Balance sheet. Use the data from the financial statements of a company shown below. Use it to answer the 7 questions that follow it. When answering the questions (filling in the blanks), DO NOT use dollar signs, USE commas to separate thousands, DO NOT use parenthesis to denote negative numbers, USE the negative sign and place it in front of first digit of your answer when your answer is a negative number. Round to the nearest dollar.

Income Statement year ending 2016 Sales Revenues Cost of goods sold Fixed costs Selling, general, and administrative expenses Depreciation $90,000 54,500 12,000 18,750 2,000 EBIT 2,750 Interest expense Taxable Income Taxes Net Income 2.2001 *** Tax rate Dividens paid 20% 880 ASSETS Current Assets Cash Accounts receivable Inventories Total current assets 2,000 6.800 Partial Balance Sheet 12/31/2015 LIABILITIES Current Liabilities 2,000 Notes payable Accounts payable 5.000 Total current liabilities Long-term debt Total Liabilities 90,000 OWNERS' EQUITY 20.000 Retained earnings (1) Common stock Total owner's equity Gross Fixed assets Accumulated depreciation Net Fixed assets Intangible assets 1,200 50.000 TOTAL ASSETS TOTAL LIABILITIES & OWNER'S EQUITY | $82,000 Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Current Assets Current Liabilities Cash 4.000 Notes payable Accounts receivable Accounts payable 8.000 Inventories 8.000 Total current liabilities 11,000 Total current assets 15.000 Long-term debt Gross Fixed assets Total liabilities Accumulated depreciation OWNERS' EQUITY Net Fixed Assets 58.000 Retained eamings Intangible assets Common stock Total long-term assets 58,000 Total owner's equity TOTAL ASSETS TOTAL LIABILITIES & OWNER'S EQUITY DO NOT use dollar signs, USE commas to separate thousands, DO NOT use parenthesis to denote negative numbers, USE the negative sign and place it in front of first digit of your answer when your answer is a negative number. Round to the nearest dollar. 50.000 1. What is the amount for Total Assets in 2015? A A 2. What is amount for Total Liabilities & Owner's Equity for 2016? 3. What is the amount of current assets in 2015? 4. What is the amount for Retained Earnings in the Balance Sheet in 2016? A 5. What is the amount for Net Fixed assets in the Balance Sheet in 2015? A 6. What is the amount for Total Owner's Equity in the Balance Sheet for 2015? A 7. What is the amount for Long-Term debt in the Balance Sheet in 2015