|4 points eBook References Use the following information to answer this question. Bayside, Incorporated 2022 Income Statement (in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Cash Accounts receivable Inventory Total Net fixed assets Total assets 2021 What is the return on equity for 2022? $ 6,040 4,350 415 $ 1,275 36 2022 $ 235 $ 130 1,050 1,765 890 2,070 $ 2,945 $ 3,195 3,760 3,530 $ 6,705 $ 6,725 $ 1,239 372 $ 867 Bayside, Incorporated 2021 and 2022 Balance Sheets (in millions) Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2021 $ 1,655 840 3,300 910 2022 $ 1,615 640 3,310 1,160 $ 6,705 $ 6,725

Use the following information to answer this question. What is the return on equity for 2022