Galaxy Interiors 2009 Income Statement (5 in millions) Net sales $21,415 Cost of goods sold 16,408 Depreciation 1,611 Earnings before interest and taxes 3.396 Interest paid 1,2g2 Taxable Income $2,114 Less: Taxes 259 Net income $1,374 Galaxyr Interiors 2008 and 2009 Balance Sheets {5 in millions) goo: am Cash 5668 $297 Accounts payable Accounts receivable 1,611 1,527 Notes payable Inventory .4 Lg? Total T0t3' M 211 Long-term debt Net fixed assets w m Common stock Total assets mm Retained earnings Total Iiab. 81 equity am 1022 $1,694 $1,532 2.500 0 $4,124 lZ 9.800 10.650 7,500 moo 2.122 2 mm m