2022 Income Statement (in millions) Net sales Cost of goods sold Depreciation Earnings before interest and...

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2022 Income Statement (in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $ 9,900 7,900 405 $ 1,595 98 $ 1,497 524 $ 973 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) 2021 2022 2021 Cash $ 260 $ 290 Accounts payable $ 1,600 2022 $ 1,767 Accounts receivable 1,090 Inventory 1,760 Total $ 3,110 Net fixed assets 3,530 990 1,740 $ 3,020 4,030 Long-term debt Common stock Retained earnings 1,060 3,340 640 1,373 3,020 890 Total assets $ 6,640 $ 7,050 Total liabilities & equity $ 6,640 $ 7,050 2022 Income Statement (in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $ 9,900 7,900 405 $ 1,595 98 $ 1,497 524 $ 973 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) 2021 2022 2021 Cash $ 260 $ 290 Accounts payable $ 1,600 2022 $ 1,767 Accounts receivable 1,090 Inventory 1,760 Total $ 3,110 Net fixed assets 3,530 990 1,740 $ 3,020 4,030 Long-term debt Common stock Retained earnings 1,060 3,340 640 1,373 3,020 890 Total assets $ 6,640 $ 7,050 Total liabilities & equity $ 6,640 $ 7,050