Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not is Bayside, Inc 2017 Income Statement (s in thousands ) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $6,240 4,750 455 $1,035 $991 297 $ 694 Bayside, Inc. 2016 and 2017 Balance Sheets 20162017 1,210 1,050 Long-term debt ( in thousands) Cash Accounts rec. Inventory Total Net fixed assets Total assets 2016 2017 $1,855 $1,895 920 720 3,460 3,390 990 1,240 $170 $ 275 Accounts payable 1,925 2,150 Common stock $3,305 $3,475 Retained earnings 3,9203,770 $7,225 $7 245 Total liab. & equity $7,225 $7,245