1 Financial Statements, Cash Flow, and Taxes 2 3 Laiho Industries: Balance Sheets as of December 31 4 (in thousands of dollars) 5 2021 2020 6 Assets 7 Cash $102,872 $89,065 8 Accounts receivable 9 Inventories 10 Total current assets 104,044 86,476 39,386 35,587 $0 $0 11 Net fixed assets 69,366 44,005 12 Total assets $0 $0 13 14 Liabilities and equity 15 Accounts payable $33,019 $24,710 16 Accruals 30,348 22,038 17 Notes payable 15,354 13,324 18 Total current liabilities $0 $0 19 Long-term debt 76,751 65,451 20 Total liabilities $0 $0 21 Common stock 102,500 90,000 22 Retained earnings 57,696 39,610 23 Total common equity $0 $0 24 Total liabilities and equity $0 $0 25 26 a. Constructing th E