3) Provided below is the incomplete income statement (for 2020) and balance sheet (Dec 31 2019 and Dec 31 2020) for SCOTTY Inc. (17 MARKS) $8,953 $5,865 $? SCOTTY Inc. Income Statement For the year ended Dec. 21, 2020 Net sales Cost of goods sold Depreciation EBIT Interest paid Earnings before taxes Taxes Net income Dividends paid Addition to retained earnings $? $675 $? $400 $705 $? $450 SCOTTY Inc. Balance Sheet as at December 31, 2019 and 2020 Cash Accounts rec. Inventory Current assets Net fixed assets 2019 2020 $725 $1,135 Accounts payable $2,330 $? Notes payable $3,240 $5,202 Current liabilities $? Long-term debt $? $9,211 Common stock Retained earnings Total liabilities & $16,083 $17,848 equity 2019 2020 $859 $1,031 $? $4,020 $? $? $9,250 $9,750 $250 $? $? $2,797 $? Total assets $? $