Given below are comparative balance sheets and an income statement for Namekagon Corporation. They had 1,051 shares of common stock outstanding at the end of 2015, and their stock was selling at S7.50 per share. Namekagon Corporation Balance Sheets-2015 Namekagon Corporation Income Statement Dec. 31 S 15,60015.600Sales Jan. 1 For the year ended 2015 Cash Accounts receivable Invento Equipment (net S228,800 46.800 32.500 57.200 37.700Cost of goods sold 36.400 66.300 156.00 28,600 Gross profit on sales S 91.260 75,868 rating expenses S 15.392 Operating income Interest expense Accounts pavable 26,000 7,800 14.300 9,100 3.900 14.300 Net income Dividends payable Long-term note avable Capital stock, S5 par Retained earnings 6.292 72.800 31.200 52.100 72.800 36.400 56,000 Given below are comparative balance sheets and an income statement for Namekagon Corporation. They had 1,051 shares of common stock outstanding at the end of 2015, and their stock was selling at S7.50 per share. Namekagon Corporation Balance Sheets-2015 Namekagon Corporation Income Statement Dec. 31 S 15,60015.600Sales Jan. 1 For the year ended 2015 Cash Accounts receivable Invento Equipment (net S228,800 46.800 32.500 57.200 37.700Cost of goods sold 36.400 66.300 156.00 28,600 Gross profit on sales S 91.260 75,868 rating expenses S 15.392 Operating income Interest expense Accounts pavable 26,000 7,800 14.300 9,100 3.900 14.300 Net income Dividends payable Long-term note avable Capital stock, S5 par Retained earnings 6.292 72.800 31.200 52.100 72.800 36.400 56,000