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The 2023 financial statements of Outdoor Waterworks Inc. follow: Analysis Component: Identify whether the ratios calculated above are favourable or unfavourable to the industry averages. Assume all sales were on credit. Also assume the long-term note payable is due in 2026, with no current portion. On the December 31 , 2022 , balance sheet, the assets totalled $435.220, common shares were $194,500, and retained eamings were $109.140. Required: Calculate the following (Use 365 days in o year. Do not round your intermediate calculations. Round the answers to 2 decimal ploces.) Interest expense Profit before taxes Incone taxies Profit 11,900$181,83019,114$82,716 Outdoor Watemorks Inc. Balance sheet December 31,2023 : Assets: Cash Current non-strategic investments $22,700 Accounts receivable, net Notes receivable Inventory Prepaid expenses Plant and equipment, net Total assets Labilities and Equity Accounts payable Accrued wages payable Income taxes payable Long-term note payable, secured by mortgage on plant Comon shares, 160,000 shares Retained earnings Total Habslities and equity 115,500194,500133,6005566,090