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 $5,890 4,200 330 $1,360 29 $1,331 399 $ 932 1 nes Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands) 2016 2017 $ 85 $ 190 Accounts payable 940 Long-term debt 1,585 1,988 Common stock $2,610 $2,950 Retained earnings 3,580 3,260 $6,199 $6,210 Total liab. & equity Cash Accounts rec. Inventory Total Net fixed assets Total assets 780 2016 2017 $1,410 $1,370 750 550 3, 210 3,220 820 1,070 $6,199 $6,210 What is the return on equity for 2017