1. The December 31, 2020 balance sheet for the company is shown below: ASSETS LIABILITIES and STOCKHOLDERS' EQUITY Current Assets: Current Liabilities: Cash $ 104,400 Accounts Payable $ 1,315,500 Short-term Investments $ 400,000 Taxes Payable S 55,000 Interest Receivable $ 2,000 Dividends Payable S 4,200 Accounts Receivable, net $ 4,166,400 Wages Payable s 36.000 Inventory $ 1,978,925 Total Current Liabilities $ 1,410,700 Total Current Assets $ 6,651,725 Long-Term Liabilities: PP & E: Notes Payable $ 5,250,000 Plant & Equipment $ 21,000,000 Total Liabilities $ 6,660,700 Accum Depr S (9.200.000 $11,800,000 Stockholder's Equity Total Assets $ 18,451,725 Common Stock $ 4,000,000 Retained Earnings $ 7.791.025 $11.791.025 Current Allowance 761,600 Total Liab. & S.E. $ 18,451,725 2. The expected sales mix is 60% showers and 40% tubs The total Sales forcast for year 2021 and part of 2022 is listed below. The sales department prepared the following forecast based upon historical data, market research, economic conditions, as well as the upcoming marketing plans for the company. 2021 2022 1st quarter 11,300 1st quarter 13,000 2nd quarter 16,100 15.500 2nd quarter 3rd quarter 17,000 4th quarter 12,000 The shower sells for $600 each. The tub sells for $500 each. They plan to run a 10% discount on the sales price on both items in the 4th quarter only to promote the holiday Page