Use the following to answer question 16: Elton Corporation Income Statement for the year ending 12/31/XX (in thousands of dollars) Net sales Operating Costs Depreciation Interest Expense S 2,700 (2,350) 150) EBT Income Tax (40%) 130 Net Income S 78 Dividends to Common Stock-S 58 Elton Corporation Balance Sheet 12/31XX (in thousands of dollars) $100 Accounts Payable Notes Payable Other Current Liabilities 50 Total Current Liabilities $400 150 250 Cash Accounts Receivable 250 Inventory Total Current Assets $1,000 1,100 Long Term Debt Common Stock Retained Earnings Total Liab. & Equity 1,500 Total Fixed Assets $2,500 $2,500 Total Assets Number of shares outstanding = 10,000 shares Price per Share - $100