1. Prepare a statement of financial position and a statement of income for CS Co. as of, and for the year ended, December 31, 2020. You may combine accounts as appropriate (your judgment). Note that data is available for 2019, but you are preparing statements only for the year 2020.

Cash and equivalents Notes receivable Accounts receivable Allowance for bad debts Raw materials Work-in-process Finished goods Prepaid expenses Deferred income taxes Other current assets Land Buildings and improvements Machinery and equipment Accumulated depreciation Patents and trademarks Goodwill Other noncurrent assets 2020 16,226 8,113 162,265 (6,490) 56,793 121,699 73,019 27,585 14,604 53,547 114,225 892,461 1,945,889 (323,536) 397,550 811,328 113,586 2019 15,901 8,519 155,774 (6,166) 55,089 126,567 69,368 28,964 14,458 51,941 110,798 865,687 2,043,183 (317,065) 381,648 778,875 113,586 Notes payable to banks Accounts payable Accrued advertising Accrued operating expenses Accrued compensation Other accrued expenses Income taxes payable Other current liabilities Long-term notes payable Bonds payable Capitalized lease obligations Deferred income taxes Other noncurrent liabilities Preferred stock, $10 par value Common stock, $0.01 par value Additional paid-in capital Retained earnings Treasury stock, at cost Sales 2020 2019 (129,812) (122,023) (89,246) (85,676) (32,453) (32,453) (35,698) (34,627) (11,358) (11,244) (33.100) (34,424) (14,604) (13,728) (4,868) (4,576) (726,074) (682,510) (162,265) (159,020) (50,873) (52,908) (64,203) (61,635) (24,340) (25,557) (2,815) (2,956) (3,245) (3,277) (1,475,677) (1,475,677) (1,458,782) (1,400,431) 12,667 12,034 (4,717,502) (4,718,499) Cost of goods sold Advertising expense Marketing expense Administrative expense General expense Research and development expense Other technical expense Other expense (income) Interest expense Interest income Amortization of intangibles Provision for income taxes 2020 2,950,937 354,368 240,181 274,044 44,350 340,195 44,339 16,189 79,450 (3,183) 57,565 146,949 2019 2.832,900 347,281 225,770 268,563 42,133 346,999 43,009 15,218 82.628 (3,151) 56,414 154,296