The most recent financial statements for Mandy Company are shown here: Income Statement Balance SheetSales $ $20,900$ Current assets $ $12,100$ Debt $ $16,900$Costs $14,400$ Fixed assets $35,100$ Equity $30,300$ Taxable income $ $6,500$ Total $ $47,200$ Total $ $47,200$ Taxes $(25\%)1,625$ Net income $ $4,875$ Assets and costs are proportional to sales.