Summarized versions of the Cionzales Corporation's financial statements are given below for two years.

{Requirements}
1. Determine the missing amounts denoted by the letters.
2. As Gonzales Corporation's CEO, use the financial statements to answer these questions about the company. Explain each of your answers, and identify the financial statement where you found the information.

a. Did operations improve or deteriorate during 2020?

b. What is the company doing with most of its income?

c. How much in total resources does the company have to work with as it moves into the year \(2021 ?\)

d. At the end of 2019, how much did the company owe creditors? At the end of 2020 , how much did the company owe? Is this trend good or bad in comparison to the trend in assets?

e. What is the company's major source of cash? Is cash increasing or decreasing? What is your opinion of the company's ability to generate cash?

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Statement of Income Revenues. Cost of goods sold.... Other expenses.... Earnings before income taxes Income taxes (35% tax rate).. Net earnings. Statement of Retained Earnings Beginning balance ........ Net earnings... Dividends... Ending balance... Balance Sheet Assets: Cash. Capital assets. Other assets. Total assets.... (in thousands) 2020 2019 S k $16,000 11,500 a 1,300 1,200 4,000 3,700 1,300 m $ b $ 3,500 (300) (200) $ d $ 9 3,000 T $ e 1,800 11,200 $15.000