Blackboard QUESTION 6 Use the following IS and balance sheets for ABC to calculate the return on equity for the year 2006. ABC Income Statement Ending Dec. 31st 2005 $1,800,000 1,080,000 720,000 180,000 500,000 80,000 40,000 90,000 130,000 2006 3,000,000 1,800,000 1,200,000 300,000 500,000 80,000 320,000 120,000 200,000 50.000 150,000 Net Sales COGS Gross Prott Marketing Expenses General Administrative (G8A)Expenses Depreciation expense EBIT Interest EBT Taxes Net Incomme 130,000 Dividends 70,000 Change in Retained Earmings 80,000 Click Save and Submit to save and submit. Click Save All Answers to save all answers . up