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Graffiti Advertising, Inc., reported the last two years. 2021 Income Statement Sales $ Costs of goods sold Selling & administrative Depreciation EBIT Interest EBT Taxes

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Graffiti Advertising, Inc., reported the last two years. 2021 Income Statement Sales $ Costs of goods sold Selling & administrative Depreciation EBIT Interest EBT Taxes 750,727 430,821 165,676 72,489 $81,741 Net income $ 56,111 14,028 $ 25,630 Dividends Addition to retained earnings 42,083 $14,200 $27,883 Next 5 20 points C aw 11 GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2020 $ 12,721 $ 17,691 Accounts payable 25,228 Notes payable 19,149 18,321 Cash Accounts receivable Inventory Current assets $ 61,240 Net fixed assets $457,454 Current liabilities Long-term debt Owners' equity Total liabilities Total assets $518,694 and owners' equity Cash Accounts receivable Inventory GRAFFITI ADVERTISING, INC. Balance Sheet as of December 31, 2021 $19,003 Accounts payable 28,025 Notes payable 30,222 $ 31,870 $ Current liabilities 181,000 305,824 $ 518,694 $13,962 21,872 $

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