B eBook The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of December 31, 2019 (Millions of Dollars) Assets Liabilities and Equity Cash and equivalents 15 Accounts payable Accounts receivable Inventories Total current assets Net plant and equipment $ 1,515 Total current liabilities 2,415 Long-term bonds 590 Accruals 910 Notes payable Total liabilities Common stock (100 million shares) Retained earnings Common equity Total assets $ 3,930 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 $ 140 220 230 $ $ 590 1,490 $ 2,080 250 $ 1,600 $ 1,850 $ 3,930 $ 8,250 6,530 $ 1,720 340 $ 1,380 200