Graffiti Advertising, Inc., reported the following financial statements for the last two years. 2019 Income Statement Sales 750.727 $ Costs of goods sold 430.821 165 676 Selling & administrative Depreciation 72.489 EBIT Interest $ 81,741 25,630 EBT Taxes $ 56,111 14,028 Net income 42,083 $ Dividends Addition to retained earnings $ 14,200 $ 27,883 GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2018 Cash $ 17,691 Accounts payable Accounts receivable 25,228 Notes payable Inventory 18,321 Current liabilities Current assets $ 61,240 Long-term debt Net fixed assets $457,454 Owners' equity $ 12,721 19,149 $ 31,870 $ 181,000 $305,824 Total assets Total liabilities $518,694 *and owners' equity 518,694 $