Blackboard QUESTION 7 Use the following IS and balance sheets for ABC to calculate the equity multiplier for the year 2006. Income Statement Ending Dec. 31st 2005 $1,800,000 1,080,000 720,000 180,000 500,000 80,000 40,000 90000 130,000 006 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 Profit Marketing Expenses Depreciation expense EBIT Interest EBT Taxes Net Income 130,000 Dividends 0,000 Change in Retained Earnings 80,000 Click Save and Submit to save and submit. Click Save All Answers to save all answers up