Selected Financial data for Squid Company are as follows: 2019 Income Statement Accounts 1,450,000 $ Net Sales 1,015,000 Cost of Goods Sold 185,385 Selling and Admin. Expense 8,860 Non operating revenue Interest Expense 12,100 246,375 Earnings Before Income Tax Provision for Income Taxes 113,616 132,759 $ Net Income Financial position Accounts Current Liabilities 189,000 $ 112.000 Long term debts Preferred Stocks (10%) 100,000 350,000 Common Stocks 265,518 Retained Earnings Other information Total Assets include the following Goodwill 12,000 350,000 Construction in Progress Compute Net Profit margin 135 15% 915