Big Rock Candy Mountain Mining Co. Income Statements For the Years 2019 and 2020 2020 2019 Sales $412.500 $398,600 Cost of Goods 318,786 315,300 Gross Profit 93,714 83,300 Depreciation 29,800 29,652 Selling & Admin. Expense 26,250 24.550 Other Operating Expense 1,210 1,245 Net Operating Income 36,454 27,853 Interest Expense 8,582 8,457 Earnings Before Taxes 27,872 19,396 Taxes 6,968 4,849 Net Income 20,904 14,547 Notes: Tax Rate Shares Earnings per Share 25.00% 52,100 $0.40 25.00% 52,100 $0.28 2019 Big Rock Candy Mountain Mining Co. Balance Sheet For the Year Ended December 31, 2020 2020 Assets Cash $16,435 Marketable Securities 3,656 Accounts Receivable 45,896 Inventory 52,397 Total Current Assets 118,384 Gross Fixed Assets 436,573 Accumulated Depreciation 87.450 Net Plant & Equipment 349,123 Total Assets 467,507 Liabilities & Owner's Equity Accounts Payable $37,752 Accrued Expenses 3.183 Total Current Liabilities 40.935 Long-term Debt 170,562 Total Liabilities 211.497 Common Stock ($1.00 par) 58,664 Additional Paid-in-Capital 136,807 Retained Earnings 60.539 Total Owner's Equity 256,010 Total Liab. & Owner's Equity 467,507 $11,596 619 47,404 54.599 114.218 397,023 57,650 339,373 453,591 $36,819 3.085 39.904 178,581 218,485 58,664 136,807 39.635 235,106 453,591 a. Create a common-size income statement for 2019 and 2020. This statement should be created on a separate worksheet with all formulas linked directly to the income statement. b. Create a common-size balance sheet for 2019 and 2020. This statement should be created on a separate worksheet with all formulas linked directly to the balance sheet. C. Create a common-size statement of cash flows for 2020 that can be switched between using sales and the 2019 cash balance in the denominator