The following data is provided. The profit margin on sales for 2015 is De.cember 31 2015 $750,000 800,000 $500,000 600,000 Cash Accounts receivable (net) Inventories Plant assets (net) Accounts payable Income taxes payable Bonds payable 10% Preferred stock.sso par Common stock, $1 ar Paid-in capital in eddess of par Retained earnings Net credit sales Cost of goods sold Operating expenses Net income 1,100,00o 3,500,0003,250,000 400,000 50,000 700,000 1,300,000 550,000 100,000 700,000 1,000,000 1,200,000 1,000.000 900,000 650,000 800,000 2.000,000 1750.000 6.400,000 4,200,000 1,450,000 750,000 Depreciation included in cost of goods sold and operating expenses is $610,00o. On May 1, 2015 30,000 shares of common stock were issued. The preferred stock is cumulative. The preferred dividends were not declared during 2015 Minimized View 750+ 4,200