The balance sheets at the end of each of the first two years of operations indicate the following: Using the balance sheets for Kellman Company, if net income is $115,600 and interest expense is $41,500 for Year 2, wh a. 11.12% b. 10.58% c. 11.51%6 d. 11.93% The balance sheets at the end of each of the first two years of operations indicate the following: Using the balance sheets for Kellman Company, if net income is $115,600 and interest expense is $41,500 for Year 2, wh a. 11.12% b. 10.58% c. 11.51%6 d. 11.93%