Check my work 5 Comparative financial statement data for Carmono Company follow: This Year Last Year 10 points Assets Cash Accounts receivable Inventory Total current assets Property, plant, and equipment 24 40 eBook Hint Print 50 75 240 65 175 70 , 200 Less accumulated depreciation Net property, plant, and equipment 50 150 s220 s250 Liabilities and Stockholders Equity Accounts payable Common stock Retained earnings Referencesotal a s 40 150 60 s 36 145 39 250 220 Total liabilities and stockholders' equity For this year, the company reported net income as follows: Sales Cost of goods sold Gross margin Selling and administrative expenses Net income s 275 150 125 90 s 35 Mc Graw Hill