Use the following information to answer this question: Bayside, Incorporated $2021$ Income Statement $($$ in thousands$)3$ Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Cash Accounts received Inventory Total Net fixed assets Total assets $2020$ $ $1351,0901,780$ $ $3,0053,790$ $ $6,795$ $ $7,1204,490380$ $ $2,25040$ $ $2,210464$ $ $1,746$ Bayside, Incorporated $2020$ and $2021$ Balance Sheets $($$ in thousands$)2021$ $ $2409302,120$ $ $3,290$ Accounts payable Long$-$term debt Common stock Retained earnings $3,740$ $ $7,030$ Total liabilities & equity What is the equity multiplier for $2021?2020$ $ $1,6658603,340930$ $ $6,7952021$ $ $2,0606603,1301,180$ $ $7,030$