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Below is the incomplete income statement (for 2020) and balance sheet (Dec 31 2019 and Dec 31 2020) for LEO Inc. Leo Inc. Income Statement
Below is the incomplete income statement (for 2020) and balance sheet (Dec 31 2019 and Dec 31 2020) for LEO Inc. Leo Inc. Income Statement For the year ended Dec. 21, 2020 Net sales Cost of goods sold Depreciation EBIT Interest paid Earnings before taxes Taxes Net income Dividends paid Addition to retained earnings $8,953 $5,865 $? $? $675 $? $400 $705 $? $450 Leo Inc. Balance Sheet as at December 31, 2019 and 2020 2019 2020 2019 2020 Cash Accounts rec. Inventory Current assets Net fixed assets $725 $2,330 $3,240 $? $? $1,135 $? $5,202 $? $9,211 Accounts payable $859 $1,031 Notes payable $? $4,020 Current liabilities $? $? Long-term debt $9,250 $9,750 Common stock $250 $? Retained earnings $? $2,797 Total liabilities&equity $? $? Total assets $16,083 $17,848 a) Fill in the missing values for entries in the income statement and balance sheet in the table provided below. VALUES MISSING ENTRIES Depreciation EBIT Earnings before taxes Dividends paid Current assets (2019) Net fixed assets (2019) Notes payable (2019) Current Liabilities (2019) Retained earnings (2019) Total liabilities & equity (2019) Accounts receivables (2020) Current assets (2020) Current Liabilities (2020) Common stock (2020) Total liabilities & equity (2020) b) What is the company's net working capital at the end of 2019 and at the end of 2020
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