Titan Football Manufacturing had the following operating results for 2016: sales = $19,950; cost of goods sold = $13,810; depreciation expense = $2,200; interest expense = $260; dividends paid = $720. At the beginning of the year, net fixed assets were $22,300, current assets were $3,110, and current liabilities were $1,900. At the end of the year, net fixed assets were $26,540, current assets were $3,620, and current liabilities were $1,990. The tax rate for 2016 was 40 percent.