2 24 points Sunny Technologies inc. began operations on January 1, 2019. Its post-closing trial balance at December 31, 2019, and 2020 is shown below along with some other information. Sunny Technologies Inc. Income Statement For Year Ended December 31, 2820 Revenues: Sales Cost of goods sold Gross Profit Skipped Expenses and other: Other expenses Depreciation expense Total operating expenses Operating Profit (Loss). Loss on sales of plant assets Profit (Loss) $ 627,200 483,200 144,000 $ 155,200 25,600 Sunny Technologies Inc. 180,800 (36,800) 20,800 $ (57,600) Post-Closing Trial Balance December 31 Account Cash Receivables Merchandise inventory Property, plant and equipment Accounts payable Accumulated depreciation Accrued liabilities Notes payable 2020 2019 $ 62,400 $ 76,800 41,600 30,400 27,200 35,200 230,400 190,400 64,000 52,800 49,600 62,400 11,200 6,400 97,600 40,000 Common shares Retained earnings 49,600 8,000 89,600 163,200 Other information regarding Sunny and its activities during 2020. 1. Assume all accounts have normal balances. 2. Cash dividends were declared and paid during the year. 3. Plant assets were sold during the year. 4. Plant assets worth $99,200 were purchased during the year by paying cash of $32,000 and issuing a long-term note payable for the balance.