Data for Barry Computer Co. and its industry averages follow Barry Computer Company: Balance Sheet as of December 31, 2016 (In Thousands) $163,350 207,900 103,950 Total current liabilities $475,200 $311,850 697,950 Total liabilities and equity $1,485,000 Cash Receivables Inventories $178,200 534,600 326,700 $1,039,500 Accounts payable Other current liabilities Notes payable to bank Total current assets Long-term debt Net fixed assets 445,500 Common equity Total assets $1,485,000 Barry Computer Company: Income Statement for Year Ended December 31, 2016 (In Thousands) Sales $2,700,000 Cost of goods sold Materials Labor Heat, light, and power Indirect labor Depreciation $1,269,000 648,000 135,000 108,000 108,000 2,268,000 $ 432,000 270,000 54,000 $108,000 34,304 $73,696 29,478 $44,218 Gross profit Selling expenses General and administrative expenses Earnings before interest and taxes (EBIT) Interest expense Earnings before taxes (EBT) Federal and state income taxes (40%) Net income