You were recently hired by E&T Boats, Inc. to assist the company with its financial planning andd to evaluate the company's performance. E&T Boats, Inc. builds and sells boats to order, which they can build in less than five weeks from start to finish. E&T sell five different types of boats ranging in price and cost. You have been given the following financial information for E&T Boats, Inc E&T Boats, Inc 2015 Income Statement Sales Cost of goods sold Other expenses Depreciation Interest Net income $13,780,000 8,080,000 1,540,000 440,000 231500 S3.488,500 E&T Boats, Inc. 2015 Balance Statement Asset: Liabilities and Equity Current Liabilities Current assets Cash Accounts Receivable Inventory S.254000 425,000 475,000 1,154,000 S.595.000 $1,595,000 S2,500,000 Accounts Payable Notes Payable Total current liabilities Total current assets Long-term debt Shareholder equity Fixed assets Net plant and equipment S6,025,000 Common stock Retained Earnings Total Equity S.100.000 2,984,000 $3,084,000 Total assets S7.179.000 Total liabilities and equity $7179,000