Blossom Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2019 and 2020 follow Blossom Medical Comparative Balance Sheet As of December 31 2020 2019 Assets Current assets Cash $366.000 $417,500 Accounts receivable, net 1038,000 776,400 Inventory 733.000 681,000 Other current assets 381,400 247,000 Total current assets 2.518.400 2.121.900 Property, plant, & equipment, net 8,710,615 8,440,030 Total assets $11,229,015 $10.561,930 Liabilities and Stockholders' Equity Current liabilities $3,169,000 $2,846,000 Long-term debt 3,702,600 3,892,600 Total liabilities 6871.600 6,738,600 Preferred stock, $5 par value 59.000 59,000 Common stock, $0.25 par value 104,700 103.800 Retained earnings 4,193.715 3.660.530 Total stockholders' equity 4.357,415 3.823.330 Total liabilities and stockholders' equity $11.229.015 $10,561,930 Blossom Medical Comparative Income Statement and Statement of Retained Earnings Sales revenue (all on account) Cost of goods sold Gross profit Operating expenses Net operating income interest expense Net income before taxes Income taxes (30%) Net income Dividends paid For the Year 2020 $10.177.300: 2019 $9,614,000 5.613.550 5,298.750 4.563.750 4,315,250 2.640,300 2634.150 1723.450 1681.100 306.700 300.400 1422.050 1372.400 426915 $996.135 411.720 $960.680