Use the following information to answer this question. 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 $6,040 4,200 400 $1,440 30 $1,410 423 $ 987 Cash Accounts rec. Inventory Total Net fixed assets Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands) 2016 2017 $ 115 $ 220 Accounts payable 990 830 Long-term debt 1,705 2,040 Common stock $2,810 $3,090 Retained earnings 3,700 3,440 $6,510 $6,530 Total liab. & equity 2016 2017 $1,580 $1,510 810 610 3,240 3,280 880 1,130 Total assets $6,510 $6,530 What is the return on equity for 2017? Multiple Choice 15.11% 23.96% 22.38% 31.97% 23.17%