Assets Davidson Corporation: Balance Sheet as of December 31, 2019 (Millions of Dollars) Liabilities and Equity Cash and equivalents $ 10 Accounts payable 505 Accruals Accounts receivable Inventories Total current assets 900 Notes payable $ 1,415 Total current liabilities Net plant and equipment 2,440 Long-term bonds Total liabilities Common stock (100 million shares) Retained earnings Common equity Total assets $ 3,855 Total liabilities and equity Davidson Corporation: Income Statement for Year Ending December 31, 2019 (Millions of Dollars) Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization EBIT Interest EBT Taxes (25%) $ 130 320 235 $ 685 1,510 $ 2,195 260 $ 1,400 $ 1,660 $ 3,855 $ 8,750 7,320 $ 1,430 300 $ 1,130 170 $ 960 240