Dollar amounts in thousands jexcept per share amountsj Income Statement for 2021 Sales Revenue $457,000 Cost of Goods Sold Expenses $298 750 Gross Margin $158,250 Sales, Administrative and General Expenses $102,680 Earnings Before Interest and Income Tax $55,570 Interest Expense $6,250 Earnings Before Income Tax $49,320 Income Tax Expenses $16.850 Net Income $32,470 Basic Earnings per Share $3.82 Diluted Earnings per Share $3.61 Balance Sheet at end of 2021 Assets Cash $14,850 Accounts Receivable $42,500 Inventory $75,200 Prepaid Expenses $4, 100 Current Assets $136,650 Fixed Assets $246,750 Accumulated Depreciation $(46.825] Fixed Assets $199.925 Total Assets $336,575 Liabilities Accounts Payable $8,145 Accrued Accounts Payable $9.765 Income Tax Payable $945 Short-Term Notes Payable $40,000 Current Liabilities $58,855 Long-Term Notes Payable $60,000 Owners' Equity Capital Stock (8,500,000shares) $85,000 Retained Earnings $132.720 $217,720 Total Liabilities and Owners' Equity $336,575 You are a newly minded MBA, recently-hired in a bank and considered for fast promotion. Your manager gives you the, attached, financial statements of a business and asks you whether the lending manager should consider extending credit to this entity. The entity, which is looking for a short-term loan, is a family retail business, selling farming products. The business was started by the grandfather when he immigrated to Canada, and the growth of the business mirrored the growth of BC Lower Mainland. The company has shares, held in big blocks, by family members and close associates, but it is not listed on a stock exchange.-$ Because you are an MBA, your manager does not give you detailed instructions, yet expects from you a business memo with the results of your analysis, mainly based on financial ratio analysis