The following balance sheet and income statement should be used: [Question] Heavenly Beds Inc. 2009 Income Statement Net Sales Less: Cost of Goods Sold $38,900 31,400 Less: Depreciation Earnings Before Interest and Taxes Less: Interest Paid Taxable Income Less: Taxes Net Income 2,600 4,900 1.800 $3,100 1.150 $1,950 Dividends $390 Additions to retained earnings $1,560 [Question] Heavenly Beds Inc. 2009 Balance Sheet Cash $3,160 Accounts Payable $8,120 Accounts rec 4,160 Long-term debt 21,200 Inventory Total 6,480 Common stock 7,500 Total assets Net fixed assets $13,800 Retained earnings $43,200 Total liabilities & equity 6,380 29,400 $43,200