Consider recent financials for Ellie's Essentials LLC :" Balance Sheet 2018 2017 Current Assets $1 1 , 307. 00 $10, 000. 00 Net PPE $31, 000. 00 $30, 000. 00 Total Assets $42, 307. 00 $40, 000. 00 Current Liabilities $8 , 791 . 00 $8 , 000 . 00 Long-term debt $13, 685. 00 $12, 000. 00 Total Liabilities $22 , 476.00 $20 , 000. 00 Shareholder Equity $19 , 831. 00 $20, 000. 00 Liabilities and Equity $42, 307. 00 $40, 000. 00 Income Statement 2018 2017 SALES $1 1, 000. 00 $10, 000 . 00 COGS $4 , 400. 00 $4 , 000 . 00 GROSS PROFIT $6 , 600. 00 $6 , 000 . 00 SQA $1 , 100. 00 $1 , 000 . 00 Depreciation $550. 00 $500. 00 EBIT $4, 950. 00 $4, 500. 00 INTEREST $1 , 272.00 $1 , 200 . 00 EBT $3 , 678. 00 $3 , 300 . 00 TAXES ( 37 . 00% ) $1 , 360.86\\ $1 , 221. 00 NET INCOME $2 , 317 . 14 $2 , 079. 00