Orca Industries Below are the two most recent balance sheets and most recent income statement for Orca Industries. The company has an effective tax rate of 35% Balance Sheet 2011 2010 Assets: Cash Accounts Receivable (net) Inventory Long-lived assets Less: Accumulated depreciation $10,000 6,000 1,500 8,00010,000 12,00011,000 (4.000(2.000 32.000$26,500 6,000 Total assets Liabilities and Stockholders' Equity: Accounts payable Deferred revenues Long-term note payable Less: Discount on note payable Common stock Retained earnings s 5,000 6.000 1,000 2000 10,000 0.000 (800) ,000) 12,000 6,000 4.8003.500 332000 $26500 Total liabilities and stockholders' equity Orca Industries Below are the two most recent balance sheets and most recent income statement for Orca Industries. The company has an effective tax rate of 35% Balance Sheet 2011 2010 Assets: Cash Accounts Receivable (net) Inventory Long-lived assets Less: Accumulated depreciation $10,000 6,000 1,500 8,00010,000 12,00011,000 (4.000(2.000 32.000$26,500 6,000 Total assets Liabilities and Stockholders' Equity: Accounts payable Deferred revenues Long-term note payable Less: Discount on note payable Common stock Retained earnings s 5,000 6.000 1,000 2000 10,000 0.000 (800) ,000) 12,000 6,000 4.8003.500 332000 $26500 Total liabilities and stockholders' equity