Bayside, Incorporated 2022 Income Statement (in millions) + 10 Net sales Cost of goods sold Depreciation 02:03:47 100% Earnings before interest and taxes Interest paid Taxable income Taxes Net income $ 6,140 4,550 435 $ 1,155 36 $ 1,119 336 $ 783 Bayside, Incorporated 2021 and 2022 Balance Sheets (in millions) 2021 2022 2021 $ 150 1,130 1,845 Cash Accounts receivable Inventory Total $ 3,125 $ 3,335 Common stock Retained earnings $ 255 970 2,110 Accounts payable Long-term debt $ 1,755 2022 $ 1,755 880 680 3,380 3,350 950 1,200 Net fixed assets 3,840 3,650 Total assets What is the return on equity for 2022? $ 6,965 $ 6,985 Total liabilities & equity $ 6,965 $ 6,985