The following shows Green Caterpillar's income statement for the last two years. The company had assets of $$4,700,000$ in the first year and $$7,518,400$ in the second year. Common equity was equal to $$2,500,000$ in the first year, $100\%$ of earnings were paid out as dividends in the first year, and the firm did not issue new stock in the second year.

$\backslash$table$[[\backslash$table$[[$Green Caterpillar Garden Supplies, Inc.$],[$Income Statements$],[$Years Ending December $31]],$Year$],[$Year $2,$Year $1],[$Net Sales,$$2,540,000,$$$2,000,000$