Balance Sheet for Dominion, Inc. Ending December 31, 20XX 2020 2019 2018 SALES $5,834,400 COST OF GOODS SOLD $7,035,600 5,728,000 680,000 5,728,000 680,000 $3,432,000 2,864,000 340,000 OTHER EXPENSES DEPRECIATION 116.960 116.960 18.900 TOTAL OPERATING COSTS $6,524,960 $6.524,960 $ 510, 640 EBIT ($ 690,560) $3,222,900 $ 209, 100 62,500 INTEREST EXPENSE 176.000 EBT $ 146,600 88.000 $ 422,640 169.056 $ 253,584 TAXES (40%) ($ 866,560) (1346.624) ($ 519,936) 58,640 NET INCOME $ 87.960 EPS $1.014 ($5.199) $0.880 DPS $0.220 $0.110 $0.220 BOOK VALUE PER SHARE $6.209 $1.328 STOCK PRICE $12.17 $6.638 $8.50 100,000 40.00% SHARES OUTSTANDING $2.25 100,000 40.00% 250,000 TAX RATE 40.00% LEASE PAYMENTS 40,000 40,000 40,000 SINKING FUND PAYMENTS 0 0 0 2020 2019 2018 ASSETS CASH $ 7,282 ACCOUNTS RECEIVABLE 632,160 INVENTORIES $ 85,632 878,000 1,716,480 $2,680, 112 1,197,160 1,287,360 $ 57,600 351,200 715,200 $1,124,000 491,000 TOTAL CURRENT ASSETS GROSS FIXED ASSETS $1,926, 802 1, 202,950 263,160 LESS ACCUMULATED DEPRECIATION 380, 120 146,200 NET FIXED ASSETS $817.040 $ 939.790 $ 344,800 TOTAL ASSETS $3,497, 152 $2.866.592 $1,468.800 LIABILITIES AND EQUITY ACCOUNTS PAYABLE $ $ 524,160 $ 436,800 600,000 145,600 200,000 NOTES PAYABLE 720,000 ACCRUALS 408.000 489,600 136.000 TOTAL CURRENT LIABILITIES $ LONG-TERM DEBT $1,444,800 500,000 1,680,936 (128.584) $1,733, 760 1,000,000 460,000 (327,168) $ 132,832 481,600 323, 432 460,000 COMMON STOCK RETAINED EARNINGS 203, 768 $1,552,352 $ 663,768 TOTAL EQUITY TOTAL LIABILITIES AND EQUITY $3,497, 152 $2,866,592 $1,468,800 Which of the following represents sources of funds for Dominion, Inc. in 2019? net income inventories long-term debt fixed assets accounts payable accounts receivable accruals