D Question 17 Please answer questions 16-18 based on the following information from William Widget Inc. Income Statement 2015 and 2016 Income Statement 2015 2016 Sales 325,000 373.750 COGS 211,250 248.544 SGA 39.000 46,719 Depreciation 32,500 37.375 EBIT Interest 42,250 4,275 37.975 13,291 24,684 41,113 5,089 36,024 EBT 12,608 Taxes (35%) Net Income Dividend payout 23,415 50% 40% Cash Accounts Receivable Inventory Current assets Balance Sheet as of December 31, 2015 26,000 Accounts payable 22,750 Notes payable 38,025 Current Liabilities 86,775 Long-term debt 205.000 Owner's equity 46,475 16.250 62.725 Net Fixed assets 55.000 174,050 Total assets 291.775 Total liability & equity 291.775 291,775 Total assets Total liability & equity 291,775 54,680 Cash 29,811 Accounts Receivable Balance Sheet as of December 31, 2016 26,163 Accounts payable 28,031 Notes payable 49.709 Current Liabilities 103,903 Long-term debt 223,688 Owner's equity Inventory 84,491 Current assets Net Fixed assets Total assets 327.590 Total liability & equity 327.590 What is owner's equity for 2016? Greater than $190.000 Less than $180,000 Between $180,000-$185.000 Between $185.000-5190,000 Question 18 4 pts Please answer questions 16-18 based on the following information from William Widget Inc