Use the following Information to answer this question. $6,040 4,350 Bayside, Inc. 2017 Income Statement ($ in thousands) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income 415 $1,275 36 $1,239 372 $ 867 Cash Accounts rec. Inventory Total Net fixed assets Total assets Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands) 2016 2017 $ 130 $ 235 Accounts payable 1,050 890 Long-term debt 1,765 2,070 Common stock $2,945 $3,195 Retained earnings 3,760 3,530 $6,705 $6,725 Total liab. & equity 2016 2017 $1,655 $1,615 840 640 3,300 3,310 910 1,160 $6,705 $6,725 What is the return on equity for 2017