The following is the December 31, 2004 balance sheet for Epics Corporation Assets Cashy Liebilities $70000ccounts payable $100.000 Accounts receivable Inventory 150000otes peyse 120.000 2000 pyst 300000 utal curent assets 50000 tatters 520.000 ant and equipment ess ac amortization 25010Common stack 500.000 Nes plant and Erupt 1000000ed earnings 480.000 500.000 Sotal assets 1500000b & equity $1.500.000 Sales for 2005 were $2.000.000, we the cost of goods sold being 55% of sales Amortization expense was 10% of the grass plant and equipment at the beginning of the yea payable and 1% on the bonds payable Seting, gemmal and adtrative expenses were $200,000 and the firm's tax rate is 40% A Prepare an income statement If the dividend payout for Eps 25% what is the value of the aned earnings account on December 31, 20x5