QUESTION 1 Kramerica Foods (KF) has the following financial statements. Answer Questions 1-13 Kramerica Foods Income Statement From 1/1/2015 to 12/31/2015 Sales $6,500 4,100 120 2,280 280 2,000 600 1,400 Cost of goods sold reciation Earnings before interest and taxes Interest ex Earnings before taxes Taxes Net income Dividends Additions to retained earnings 350 1,050 Kramerica Foods Balance sheet 12/31/2015 Cash Accounts receivable Invent Net fixed assets $550 500 1,230 100 4.760 310Accounts payable 1,160| Notes payable 1.520 Long-term debt 4.150 Common stock Retained earnin Total assets 7,140Total liabilities and equity 7,140