Windswept, Incorporated 2022 Income Statement (in millions) Net sales $ 8,600 Cost of goods sold 7,250 Depreciation 340 Earnings before interest and taxes $ 1,010 Interest paid 85 Taxable income $ 925 Taxes 324 Net income $ 601 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) 2021 2022 2021 2022 Cash $ 130 $ 120 Accounts payable $ 1,150 $ 1,192 Accounts receivable 900 720 Long-term debt 1,010 1,243 Inventory 1,500 1,545 Common stock 3,190 2,890 Total $ 2,530 $ 2,385 Retained earnings 4