Here are simplified financial statements of phone corporation from a recent year: income statement(figures in millions of dollars) net sales 13,600 cost of goods sold 4,310 other expenses 4,162 depreciation 2,668 earnings before interest and taxes (ebit) 2,460 interest expense 710 income before tax 1,750 taxes (at 30%) 525 net income 1,225 dividends 906 balance sheet(figures in millions of dollars)end of year start of year assets cash and marketable securities 94 163 receivables 2,632 2,590 inventories212 263 other current assets 892 957 total current assets 3,830 3,973 net property, plant, and equipment 20,023 19,965 other long-term assets 4,266 3,820 total assets 28,119 27,758 liabilities and shareholders