Comparative financial statement data for Carmono Company follow: This Year Last Year Assets 8.00 15.00 52.00 45.00 Cash Accounts receivable 95.00 81.80 Inventory Total current assets 155.00 141.80 Property, plant, and equipment 234.00 196.00 Less accumulated depreciation 46.40 34.80 Net property, plant, and equipment 187.60 161.20 Total assets 342.60 303.00 Liabilities and Stockholders' Equity 57.00 47.00 Accounts payable Common stock 122.00 94.00 Retained earnings 163.60 162.00 Total liabilities and stockholders' equity 342.60 303.00 For this year, the company reported net income as follows $900.00 Sales Cost of goods sold 540.00 360.00 Gross margin Selling and administrative expenses 340.00 Net income 20.00