Rhodes Corporations financial statements are shown below. Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2020 2019 Sales $ 12,000 $ 11,000 Operating costs excluding depreciation 10,636 9,754 Depreciation and amortization 340 310 Earnings before interest and taxes $ 1,024 $ 936 Less interest 140 100 Pre-tax income $ 884 $ 836 Taxes (25%) 221 209 Net income available to common stockholders $ 663 $ 627 Common dividends $ 204 $ 200 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2020 2019 Assets Cash $ 550 $ 500 Short-term investments 110 100 Accounts receivable 2,750 2,500 Inventories 1,550 1,500 Total current assets $ 4,960 $ 4,600 Net plant and equipment 3,650 3,500 Total assets $ 8,610 $ 8,100 Liabilities and Equity Accounts payable $ 1,100 $ 1,000 Accruals 550 500 Notes payable 364 200 Total current liabilities $ 2,014 $ 1,700 Long-term debt 1,100 1,000 Total liabilities $ 3,114 2,700 Common stock 4,337 4,700 Retained earnings 1,159 700 Total common equity $ 5,496 $ 5,400 Total liabilities and equity $ 8,610 $ 8,100 Suppose the federal-plus-state tax corporate tax is 25%