Bayside, Inc. 2017 Income Statement ($ in thousands) Net Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes $5,840 4,250 335 $1,255 31 $1,224 367 $ 857 Net income Cash Accounts rec. Inventory Total Net fixed assets Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands) 5 2016 2017 $ 90 $ 195 Accounts payable 960 800 Long-term debt 1,605 1,990 Common stock $2,655 $2,985 Retained earnings 3,600 3,290 $6,255 $6,275 Total liab. & equity 2016 2017 $1,435 $1,405 760 560 3,230 3,230 830 1,080 Total assets $6,255 $6,275 What is the return on equity for 2017