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Use the following information to answer this question Bayside, Incorporated 2021 Income Statement (s in thousands) Net sales Cost of goods sold Depreciation Earnings before

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Use the following information to answer this question Bayside, Incorporated 2021 Income Statement (s in thousands) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $ 6,90 4,450 425 $ 1,215 32 $ 1,183 248 $ 935 Cash Accounts received Inventory Total Net fixed assets Total assets Bayside, Incorporated 2020 and 2021 Balance Sheets ($ in thousands) 2020 2021 $ 140 $ 245 Accounts payable 1,099 930 Long-term debt 1,805 2,090 Common stock $ 3,035 $ 3,265 Retained earnings 3,800 3,590 $ 6,835 $ 6,855 Total liabilities & equity 2020 2021 $ 1,705 $ 1,685 860 660 3,348 3,330 930 1,180 $ 6,835 $ 6,855 What is the return on equity for 2021

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