ABC Inc. All numbers in '000 $ ASSETS 380 400 Cash & Equiv. A/C Receivable (net) 1500 1700 2120 2200 Inventories Total Current Assets 4,000 4,300 500 500 Land Plant, Building & Equip 4000 4700 4500 5200 Total Fixed Assets Total Assets 8,500 9,500 Liabilities & Stockholder's Equity Current Liabilities A/C Payable 700 1400 Current portion of LT Debt 500 1000 Total Current Liabilities 1,200 2,400 Long-term Debt 4000 3000 Total Liabilities 5,200 5,400 Stockholder's Equity Common Stock 3000 3000 Retained Earnings 300 1100 Total Stockholder's Equity 3,300 4,100 Total Liabilities & Stockholder's. 8,500 9,500 Equity Income Statement 2020 Net Sales 28,800 Less: Cost of Goods Sold 15,120 Selling Expenses 7,180 Admin Expenses 4,100 Interest 400 Taxes 800 27,600 Net Income 1,200 Retained Earnings from prev. year Less: Dividends paid 300 400