Graffiti Advertising, Incorporated, reported the following financial statements for the last two years. 2022 Income Statement Sales $ 571,700 Costs of goods sold 273,960 Selling & administrative 124,720 Depreciation 54,563 EBIT $ 118,457 Interest 19,582 EBT $ 98,875 Taxes 39,550 Net income $ 59,325 Dividends $ 10,900 Addition to retained earnings 48,425 GRAFFITI ADVERTISING, INCORPORATED Balance Sheet as of December 31, 2021 Cash $ 13,450 Accounts payable $ 9,491 Accounts receivable 18,981 Notes payable 14,495 Inventory 13,807 Current liabilities $ 23,986 Current assets $ 46,238 Long-term debt $ 135,760 Net fixed assets $ 344,816 Owners' equity $ 231,308 Total assets $ 391,054 Total liabilities and owners equity $ 391,054 GRAFFITI ADVERTISING, INCORPORATED