Hermetic, Inc., Balance Sheet (as of December 31) 2013 2014 Assets Current assets Cash Accounts receivable Inventory S 45 270 320 S 635 s 50 290 365 S 705 Total Fixed assets Net plant and equipment Total assets Liabilities and equity Accounts payable 985 1620 2002 1100 180 2003 litie $ 210 110 320 260 175 S 435 Notes payable Total 215 185 Long-term debt 0c Common stock and paid-in surplus Retained earnings 290 795 290 895 Total S108 S1620 1805 Total liabilities and equity Income Statement (2014) Net sales Cost of goods sold Depreciation Earnings before interest and taxes (EBIT) Interest Taxable income Taxes Net income $710.00 480.00 $200.00 20.00 180.00 S126.55 Retained earnings $100.00 Dividends 26.55