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Refer to the following selected financial information from Gomez Electronics

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1. Refer to the following selected financial information from Gomez Electronics. Compute the company's times interest earned for Year 2 Net sales Cost of goods sold Interest expense Net income before tax Net income after tax Total assets Total liabilities Total equity Year 2 Year 1 $488,500 $428,250 278,300 252,120 11,700 12,700 69,250 54,680 48,050 41,900 321,100 300,000 171,400 169,300 149,700 130,700

2. On January 1 of the current year, Jimmy's Sandwich Company reported total stockholders' equity of $130,000. During the current year, total revenues were $110,000 while total expenses were $99,500. Also, during the current year the company paid $34,000 in dividends. No other changes in equity occurred during the year. The change in total equity during the year was.