Park, Inc 2008 Income Statement in millions) $9,610 Net Sales Less: Cost of goods sold 6,310 Less: Depreciation 1,370 Earnings before interest and taxes 1,930 Less: Interest Paid 630 Taxable Income $1,300 Less: Taxes 455 $845 Net income Park, Inc 2007 and 2008 Balance Sheets in millions) 2007 2008 2007 2008 Cash 310 405 Accounts payable 2,720 2,570 100 Accounts rec. 2,640 3,055 Notes payable 2,820 2,570 Inventory 3.275 3.850 Total $6.225 $7.310 Long-term debt 7,875 8,100 Total Net fixed assets 10.960 10.670 Common stock 5,000 5,250 Retained earnings 1490 2.060 Total assets s17,185 $17,980 Total liab & equity $17,185 $17,980