Here are simplified financial statements for Watervan Corporation INCOME STATEMENT (Figures in s millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes (EBIT) $108.00 nterest expense Income before tax Taxes Net income $882.00 742.00 32.00 13.00 95.00 33.25 $ 61.75 BALANCE SHEET (Figures in millions) End of Start Year of Year Assets Current assets Lonq-term assets 370 314 223 260 Total assets S630 537 Liabilities and shareholdersequity Current liabilities Long-term debt Shareholders' equity 195 158 122 109 326 25 Total liabilities and shareholders' equity S630 537