COGS 325,000 373,750 211,250 248,544 9,000 4 EBIT 2,50037,375 41,113 5006,7 42,250 4,275 37,975 EBT Taxes (35%) Net income 36,024 13,291 12,608 24,68423,415 Balance Sheet as of December 31, 2015 Accounts receivable Inventory Current assets 26,000 22,750 Accounts payable Notes payable Current liabilities 46,475 16,2 86,775 Long-term debt Owner's Net fixed assets 174,050 Total assets 291,775 Total liab &equity2 291,775 Balance Sheet as of December 31, 2016 Cash Accounts receivable Inventory Current assets Accounts payable Notes payable Current liabilities 26,163 28,031 103,903 Long-term debt Owner's equity Net fixed assets 223,688 Total assets 20. Operating cash flow for 2016 is? a. Less than $61,000 b. Between $61,000-$63,000 c. Between $63,000-$64,000 d. Over $64,000 21. What is owner's equity for 2016? a. b. C. d. Less than $185,000 Between $185,000 and $190,000 Between $190,000 and $195,000 Greater than $195,000