The following is the financial statement of Executive Fruit Company for the year ended December 2014 INCOME STATEMENT, 2014 (Figures in S Thousands) Revenue Cost of goods sold $9,000 8,100 EBIT Interest $ 900 180 Earnings before taxes State and federal tax 720 288 Net income Dividends $ 432 288 Additions to retained earnings S 144 BALANCE SHEET (Year-End, 2014) (Figures in S Thousands) Assets Net working capital Fixed assets $ 900 3,600 Total assets $4,500 Liabilities and shareholders' equity Long-term debt Shareholders' equity $1,800 2,700 Total liabilities and shareholders' equity $4,500 The following are the first stage and second stage pro forma financial statements of Executive Fruit Company for the year ended December 2015