Based on the above financial statements, calculate the following ratios for 2019: income statement 370,000 Sales cost of goods sold salaries expense depreciation expense interest expense rent expense gain on equipment loss on equipment disposal 237,000 49,000 9,800 4,000 45,000 0 1,000 net income 345,800 24,200 Statement of Retained Earnings Beginning Balance - Retained Earnings Plus - Net Income 34.800 Less - Dividends Ending Balance Retained Earnings Balance sheets 2018 2019 Assets Cash Accounts Receivable Inventory 1.000 23.000 S000 8.000 Based on the above financial statements, calculate the following ratios for 2019: income statement 370,000 Sales cost of goods sold salaries expense depreciation expense interest expense rent expense gain on equipment loss on equipment disposal 237,000 49,000 9,800 4,000 45,000 0 1,000 net income 345,800 24,200 Statement of Retained Earnings Beginning Balance - Retained Earnings Plus - Net Income 34.800 Less - Dividends Ending Balance Retained Earnings Balance sheets 2018 2019 Assets Cash Accounts Receivable Inventory 1.000 23.000 S000 8.000