Use the following information to answer this question. Bayside, Incorporated 2022 Income Statement (in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Cash Accounts receivable Inventory Total Net fixed assets Total assets 2021 What is the return on equity for 2022? 130 1,050 1,765 Bayside, Incorporated 2021 and 2022 Balance Sheets (in millions) 2022 $ 235 890 2,070 $ 2,945 $ 3,195 3,760 3,530 $ 6,705 $ 6,725 $ 6,040 4,350 415 $ 1,275 36 $ 1,239 372 $ 867 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2021 $ 1,655 840 3,300 910 2022 $ 1,615 640 3,310 1,160 $ 6,705 $ 6,725

Use the following information to answer this question. What is the return on equity for 2022