Comparative financial statement data for Carmono Company follow. Year Last Year Assets Cash Accounts receivable Inventory S 19.00 S 37.00 96.0089.00 150.00 139.00 Total current assets 265.00 265.00 Property. plant, and equipment 300.00 240.00 64.00 48.00 Less accumulated depreciation Net property, plant, and equipment 236.00 192.00 Total assets s 501.00 $ 457.00 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings S 90.00 $ 6900 210.00160.00 201.00 228.00 Total liabilities and stockholders' equity $ 501.00 $ 457.00 For this year, the company reported net income as follows Sales Cost of goods sold $2,00000 1,200.00 800.00 Gross margin Selling and administrative expenses 78000 S 20 00 Net income