Selected financial data for Wilmington Corporation is presented below. WILMINGTON CORPORATION Balance Sheet Current Assets Cash and cash equivalents Marketable securities Accounts receivable (net) Inventories Prepaid expenses Other current assets Total Current Assets Property, plant and equipment Long-term investment Total Assets Current Liabilities Short-term borrowings Current portion of long-term debt Accounts payable Accrued liabilities Income taxes payable Total Current Liabilities Long-term debt Deferred income taxes Total Liabilities Common stock Additional paid-in capital Retained earnings Dec. 31, Year 7 Dec. 31, Year 6 $519,159 166,106 232,548 382,044 49,832 83,053 1,432,742 1,384,217 568,003 $3,384,962 $306,376 155,000 228,700 246,292 87,962 1,024,330 500,000 193,515. 1,717,845 $425,250 356,450 885,417 $274,579 187,064 260,190 352,022 22,958 85,029 1,181,842 625,421 425,000 $2.232.263 $170,419 168,000 257,631 150,285 161,020 907,355 300,000 236,164 1,443,519 $125,000 344,335 319,409 TOLOF CARDIONS 77772040 Common stock $425,250 Additional paid-in capital 356,450 Retained earnings 885,417 Total Stockholders' Equity 1,667,117 Total Liabilities and Stockholders' Equity $3,384,962 Selected Income Statement Data for the year ending December 31, Year 7 Net sales Cost of goods sold Selling expenses Operating income Interest expense Earnings before income taxes Income tax expense Net income 111337 $125,000 344,335 319,409 788,744 $2,232,263 Select one: $4,885,340 (2,978,182) (884,685) 1,022.473 (55,240) 967,233 (401,225) $566,008 Selected Statement of Cash Flow Data for the year ending December 31, Year 7 Cash flows from operations Capital expenditures Required Wilmington Corporation's return on equity in Year 7 was: $1,310,476 $745,862 Cost of goods SOTO Selling expenses Operating income Interest expense Earnings before income taxes Income tax expense Net income Select one: O Selected Statement of Cash Flow Data for the year ending December 31, Year 7 Cash flows from operations Capital expenditures Required Wilmington Corporation's return on equity in Year 7 was: O (2.976,162) (884,685) 1,022,473 a. 46.1% b. 34.0% c. 20.2% d. 16.7% (55,240) 967,233 (401,225) $566,008 $1,310,476 $745,862