Problem 5) (10 points) In 2015, Micro Inc.'s net income is $40,000, payout ratio is 20% and firm issued new common stock of $15,000. Assume total liabilities of the firm in 2015 is equal to total liabilities of the firm in 2014. Using the given information fill out the missing items in firm's 2015 balance sheet. Part of Micro Inc. Balance sheet 2015 2014 Common stock ? $80,000 Retained earnings ? $48,000 Total common equity ? $128,000 Total liabilities and equity ? $300,000