ABC Company Balance Sheet As of December 31, 2020 and December 31, 2019 ($ in millions except per share data) Assets Cash Short-term Investments Accounts Receivable, net Inventory Prepaid Expenses Property, Plant & Equipment, net Long-term Investments Total Assets 12/31/20 $ 32 203 22.976 34,373 24,385 3,478 115,955 4,344 $ 237,894 1231/19 $ 21,904 15,292 28,894 16,159 2,591 99,877 12.700 $ 195,417 $ 14,055 3,301 11,500 $ 12,095 731 3,912 Liabilities & Stockholders' Equity Accounts Payable Short-term Note Payable Long-term Note Payable Common Stock. $5 par valu, 60,000,000 shares authorized, 5,000,000 issued and outstanding Paid in Capital in Excess of Par Retained Earrings Total Liabilities & Stockholders' Equity 25,000 84.754 99,084 $ 237.694 25,000 84,754 68,925 $ 195,417 ABC Company Income Statement For the Year Ended December 31, 2020 and December 31, 2019 ($ in millions except per share data) 12/31/20 Revenue $ 244,721 Cost of Goods Sold 163,583 Gross Margin 81,158 General & Administrative Expenses 15,620 Depreciation Experise 14,013 Interest Expense 1,184 Income before taves 50,341 Income taxes 20,182 Net Income $ 30,159 1231/19 $ 175,910 110.776 65,134 14.780 13.258 38,730 14.892 $ 22.038 Earnings per share $ 6.03 $ ABC Company Balance Sheet As of December 31, 2020 and December 31, 2019 ($ in millions except per share data) Common-Size Percents 12/31/20 12/31/19 Assets Cash Short-term Investments Accounts Receivable, net Inventory Prepaid Expenses Property, Plant & Equipment, net Long-term Investments Total Assets 12/31/20 $ 32,203 22,976 34,373 24,365 3,478 115,955 4,344 $ 237,694 12/31/19 $ 21,904 15,292 26,894 16,159 2,591 99,877 12,700 $ 195,417 $ 14,055 3,301 11,500 $ 12,095 731 3,912 Liabilities & Stockholders' Equity Accounts Payable Short-term Note Payable Long-term Note Payable Common Stock, $5 par value, 50,000,000 shares authorized, 5,000,000 issued and outstanding Paid In Capital in Excess of Par Retained Earnings Total Liabilities & Stockholders' Equity 25,000 84,754 99,084 $ 237,694 25,000 84,754 68,925 $ 195,417 ABC Company Income Statement For the Year Ended December 31, 2020 and December 31, 2019 ($ in millions except per share data) Common-Size Percents 12/31/20 12/31/19 Revenue Cost of Goods Sold Gross Margin General & Administrative Expenses Depreciation Expense Interest Expense Income before taxes Income taxes Net Income 12/31/20 $ 244,721 163,563 81,158 15,620 14,013 1,184 50,341 20,182 $ 30,159 12/31/19 $ 175,910 110,776 65,134 14,780 13,256 368 36,730 14,692 $ 22,038