Kramerica Industries (KI) 2016 Income Statement Sales $565,200 398,758 54,576 Cost of goods sold Earnings before interest and taxes Earnings before taxes Net income Depreciation Interest expense Taxes 19,296 31,474 30,326 Dividends Additions to retained earnings Kramerica Industries (KI) 2015 and 2016 Balance Sheets 2016 2016 $10,512 2015 2015 $9,504 14,508 Cash Accounts receivable Inventor Net fixed assets $13,320 18,994 $14,306 Accounts payable 21,099 Notes payable 22,754Long-term debt 16,466 13,794 344,426 136,800 125,000 152,000 150,000 406.311 Common stock Retained earnings Total assets $390,534 $464,470Total liabilities and I's net income for 2016 is 0 a. $92.570 0 b. $61,096 O c. $111,866 0 d. $481 37