Question Completion Status: income Statement For the Year Sales Cost of goods sold Depreciation $42,700 29,250 3,750 Earnings before interest and axes Interest paid $ 9,700 1,360 Taxable income Taxes $8,340 2,840 Net income S 5,500 Dividends $1,925 Balance Sheet End-of-Year Cash Accounts receivable Inventory $1,320 3,780 10,200 Total current assets Net fixed assets $15,300 33,600 Total assets $48,900 Accounts payable Long-term debt Common stock ($1 par value 15,000 Retained earnings $3,650 18,100 12,150 $48,900 Total Liab. & Equity