Use the following financial statements to solve questions 3 and 4. Coogan Development Co., Ine. 2009 Income Statement Sales Cost of goods sold S 25,000 16,000 $ 6,000 S 4,000 Earnings before interest and taxes Interest paid Taxable income Taxes (34%) Net Income Retained earnings Dividends 1.360 S 1,584 1 ,056 Coogan Development Co., Inc. Balance Sheets as of December 31, 2008 and 2009 2009 $ 3,000 11,000 $ 4,000 Accounts Receivable Inventory Total Fixed Assets Net plant and equipment Liabilities and Owners' Equity Current Liabilities s 2,500 $ 3,000 6.000 Accounts Payable Notes Payable Long-term Debt Owner's Equity Common stock and 16,500 Retained earnings $48.000 $50,000 Total liabilities and equity