Josiah's Toy Trucks, Inc. Income Statement Period Ended 12/31/-- Net Sales Cost of Goods Sold Gross Profit Operating Expenses Net Operating Profit Interest Expense Eamings Before Tax Tax (-30) Net Income $1.181.001 767.650 413 351 3011746 111,605 40.177 71,428 21.428 150.000 Josiah's Toy Trucks, Inc. Balance Sheet As of 12/31/- Cash Accounts Receivable Inventory Current Assets $131,250 458.750 262.500 $852,500 Accounts Payable Accruals Notes Payable Current Liabilities $381,250 50.000 206,250 $637.500 Gross Fixed Assets Accumulated Depreciation Net Fixed Assets $650.000 100.000 550,000 Bonds Debentures $150,000 100.000 $250.000 Long-Term Debt Total Debt $887,500 Preferred Stock Common Stock Retained Earnings Total Equity $ 50,000 200,000 $ 265.000 $ 515,000 $1.402.500 Total Assets $1.402.500 Total Debt and Equity Footnotes: 1. Where appropriate use a 360 day year 2. Common shares outstanding: 25,000 3. Preferred shares outstanding: 5,000 4. Preferred Dividends: $5,000 5. Common Dividends: $9,000 6. Common Stock Market Price Per Share: $33.00 7. Earnings Per Share: $1.80 Per Share Josiah's Net Margin can be determined as:_ 4.234% 3.810% 9.450% 23.641% None of the answers provided is correc