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Comparative financial statement data for Carmono Company follow: Assets Cash Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity For this year, the company reported net income as follows: Sales Cost of goods sold This Year $ 12.50 70.00 117,50 200.00 261.00 53.60 207.40 $ 407.40 $ 70.50 158.00 178.90 $ 407.40 $1,350.00 810.00 Last Year $ 24.00 63.00 105.20 192.20 214.00 40.20 173.80 $366.00 $56.00 121.00 189.00 $366.00 Comparative financial statement data for Carmono Company follow: Assets Cash Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity For this year, the company reported net income as follows: Sales Cost of goods sold This Year $ 12.50 70.00 117,50 200.00 261.00 53.60 207.40 $ 407.40 $ 70.50 158.00 178.90 $ 407.40 $1,350.00 810.00 Last Year $ 24.00 63.00 105.20 192.20 214.00 40.20 173.80 $366.00 $56.00 121.00 189.00 $366.00