Here are simplified financial statements for Watervan Corporation (see attachment)

Here are simplified financial statements for Watervan Corporation: INCOME STATEMENT 761. oe Sl.o 89.00 32.e 57 .oe 11.97 45 .03 ( Figgres Net sales Cost of goods sold Depreciation Earnings before interest Interest expense Income before tax T axes Net income in millions) and taxes (EBIT) BALANCE SHEET $901. oe (Figures in $ millions) Assets Current assets Long-term assets Total assets Liabilities and shareholders' equity Current liabilities Long-term debt Shareholders' equity Total liabilities and shareholders' equity End of Year 389 298 $ 687 214 128 345 $ 687 Start Of Year $ 352 242 594 $ 177 141 558