Use the following information to answer this question. Bayside, Ind! 2017 Income Statement (S in thousands) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income 6,120 4,490 385 $1,245 40 $1,205 422 $ 783 Bayside,Inc. 2016 and 2017 Balance Sheets ($ in thousands) Cash Accounts rec. Inventory Total Net fixed assets Total assets 2016 2017 135 $ 240 Accounts payable 1,090930 Long-term debt 1,765 2,110 Common stock 2016 2017 $1,660 $1,700 660 3,340 3,330 930 1,180 860 $2.990$3,280 Retained earnings 3,800 3,590 $6,790 $6,870 Total liab. & equity $6,790 $6,870