Calcio Book Twenty metrics of quidity, Solvency, and profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $119.70 on December 31, 20 AUTOMOTIVE SOLUTIONS INC. Comparative Income Statement For the Years Ended December 31, 2048 and 2017 2018 2012 Sales $10,000,000 $9.400.000 (5,350,000) (4,950,000) Cost of goods sold $ 4.450.000 $4,650,000 Gross profit Selling expenses $ 2.000.000) $(1,880,000) Administrative expenses (1410.000) (1.500,000) $ 3.500.000) Total operating expenses $190,000) 31 160.000 $ 1.150.000 Operating Income Other revenue and experife Other revenge 150.000 140.000 Other expens interest E170,000) 0150,000 Income before income tax 3 1.150.000 $ 1,130.000 1230,000) Income taxpanse (225,000 Met income $ 900,000 $ 925.000 Chaty Work All work saved Sutumia AUTOMOTIVE SOLUTIONS INC. Comparative Statement of Stockholders' Equity For the Years Ended December 31, 2018 and 2017 2018 2017 Preferred Common Retained Common Retained Preferred Stock Stock Stock Earnings Stock Earnings Balances, Jan. 1 $500,000 $500,000 $5,375,000 $500,000 $500,000 $4,545,000 925,000 Net income 900,000 Dividends: Preferred stock (45.000) (45.000) {50,000) Common stock (50,000) $500,000 $500,000 $500 000 $500,000 $6.180,000 Balances, Dec. 31 $5.375,000 AUTOMOTIVE SOLUTIONS INC. Comparative Balance Sheet December 31, 2018 and 2017 Cheki 2018 Dec 2017 Asses AUTOMOTIVE SOLUTIONS INC. Comparative Balance Sheet December 31, 2018 and 2077 Dec. 31, 2018 Dec. 31, 2017 Assets Current assets: Cash $ 500,000 $ 400,000 Marketable securities 1,010,000 1,000,000 Accounts receivable (net) 740.000 510,000 Inventories 1.190.000 950,000 Prepaid expenses 250.000 229,000 Total current assets) 53.089 000 53.590.000 2.350,000 Long-term investments 2.300,000 GDER part, and equipment net 3.740.000 3.366.000 Total assets 5980 000 58295 000 Liabilities B.000 Liabilities Current liabilities $ 900,000 $ 880,000 $ 200,000 $0 1,500,000 1,500,000 $1,700,000 $1,500,000 $2,600,000 $2,380,000 Long-term liabilities: Mortgage note payable, 10% Bonds payable, 10% Total long-term liabilities Total liabilities Stockholders' Equity