Use the following information to answer this question:points$8$Bayside, Incorporated$2021$ Income Statement$($$ in thousands$)$Net sales$ $5,840$Cost of goods sold$4,100$Depreciation$320$Earnings before interest and taxes$ $1,420$Interest paid$25$Taxable income$ $1,395$Taxes$293$Net income$ $1,10220202021$Bayside, Incorporated$2020$ and $2021$ Balance Sheets$($$ in thousands$)$Cash$ $75$$ $180$Accounts payableAccounts received$900740$Long$-$term debtInventory$1,5451,960$Common stockTotal$ $2,520$ $ $2,880$Retained earningsNet fixed assets$3,5403,200$Total assets$$6,060$$$6,080$Total liabilities & equity

What is the return on equity for $2021?$