Income Statement $2019$ and $2020$ Income Statement $20192020$ Sales $325,000373,750$ COGS $211,250248,544$ SGA $39,00046,719$ Depreciation $32,50037,375$ EBIT $42,25041,113$ Interest $4,2755,089$ EBT $37,97536,024$ Taxes $(35\%)13,29112,608$ Net Income $24,68423,415$ Dividend payout $50\%40\%$ Balance Sheet as of December $31,2019$ Cash $26,000$ Accounts payable $46,475$ Accounts Receivable $22,750$ Notes payable $16,250$ Inventory $38,025$ Current Liabilities $62,725$ Current assets $86,775$ Long$-$term debt $55,000$ Net Fixed assets $205,000$ Owner's equity $174,050$ Total assets $291,775$ Total liability & equity $291,775$ Balance Sheet as of December $31,2020$ Cash $26,163$ Accounts payable $54,680$ Accounts Receivable $28,031$ Notes payable $29,811$ Inventory $49,709$ Current Liabilities $84,491$ Current assets $103,903$ Long$-$term debt Net Fixed assets $223,688$ Owner's equity Total assets $327,590$ Total liability & equity $327,590$What is owner's equity for $2020?$ Between $$185,000-$$$190,000$ Greater than $$190,000$ Between $$180,000-$$$185,000$