QUESTION 7 Lechea Enterprises financial figures are given below for year ending 12/31/ The tax rate is 339 Income Statement Cost of Goods Sold Interest Expense Operating Expense (including depreciation) Sales Tax Balance Sheet Accounts Payable Accounts Receivable Accruals Accumulated Depreciation Cash Common Stock Fixed Assets (gross) Inventory Long Term Debt Retained Earnings 330 20 115 600 722 35 65 30 (175) 35 120 395 135 200 65