can you please verify if my forms are correct please thank you!

my appologies my question is are the cash flow statement, comparative balance sheet, income statement and ratio set correct? thank you

Comparative Balance sheet December 31, 2020 and 2019 2020 2019 $ Assets Current Assets: Cash Accounts Receivable, Net Inventory (sunglasses) Prepaid Insurance Prepaid Rent Total Current Assets $ S S $ S $ 90,000 130,000 135,000 25,000 unu 70,000 90,000 80,000 20,000 12,000 272,000 $ S 380,000 Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation - Equipment Total Property, Plant, and Equipment Total Assets S $ $ $ 300,000 -75,000 225,000 605,000 $ $ $ 250,000 -50,000 200,000 472,000 ZUZU 2019 Lancies Uno STOCRITOUCTS Equity Current Liabilities: Accounts Payable Notes Payable Salaries Payable Federal Income Taxes Payable Total Current Liabilities S $ $ $ $ 75,000 20,000 40,000 10,000 145,000 $ $ $ S $ 40,000 60,000 30,000 25,000 155,000 Long Term Liabilities Note Payable Total Liabilities S $ 60,000 205,000 S $ 37,000 192,000 130,000 Stockholders' Equity: Common Stock, S5 Par Paid-In Capital in Excess of Par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity $ $ $ $ $ 175,000 25,000 200,000 400,000 605,000 $ $ S $ 150,000 280,000 472,000 Comparative Statement of Income For the Years Ended December 31, 2020 and 2019 2020 2019 $ 850,000 $ 475,000 $375,000 $ 790,000 $ 450,000 $ 340,000 $ S S Sales Cost of Goods Sold Gross Margin Operating Expenses: Salaries and Wages Expense Rent Expense Depreciation Expense Total Operating Expenses Income from Operations oss on Sale of Equipment Interest Expense Increase (Decrease) in Operating Income Income before Taxes Federal Income Taxes Net Income $ 120,000 $ 30,000 $ 32,000 S 182,000 $ 193,000 S 2,000 $ 4,000 $ -6,000 200,000 40,000 10,000 250,000 90,000 nnnnn 5,000 -5,000 $ 187,000 $ 56,100 $ 130,900 85,000 25,500 59,500 $ Comparative Statement of Retained Earnings For the Years Ended December 31, 2020 and 2019 2020 2019 Retained Earnings, Beginning $ 150,000 S 130,000 of Year Net Income $ 130,900 59,500 Less: Dividends $ 80,900 $ 39,500 Retained Earnings, End of Year 200,000 $ 150,000 1. Equipment with a cost of $50,000 on which accumulated depreciation has been recorded for $7,000 was sold for $41,000 cash. Additional equipment was purchased using a long-term note payable and cash. 2. Stock was issued for cash. 3. Dividends were paid in cash. Cash Flow from operating activities for the l'ear ended December 31, Year 2020 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash flow from operating activities: $ 130,900.00 $ 32,000.00 $ 2,000.00 Depreciation Loss on Sale of Equipment Changes in current operating assests and liabilities Increase in accounts receviable Increase in inventories Decrease in Prepaid Rent Increase in pre paid insurance Increase in accounts payable Decrease in Notes Payable Increase in Salaries Payable Decrease in income taxes payable Net cash flow from operating activities Cash flows from (used for investing activities: Cash Recived for Sale of Equipment Cash paid for purchase of Equipment Net cash flow used for investing activities Cash flows from (used for) financing activities: Cash reveived from sale of common stock Cash Received from Note Cash paid for dividends Net cash flow used for financing activities Net increase in cash Cash balance, January 1, 2020 Cash balance, December 31, 2020 $ (40,000.00) $ (55,000.00) $ (12,000.00) $ (5,000.00) $ (35,000.00) $ (40,000.00) $ 10,000.00 $ (15,000.00) (68,000) $ 300,000.00 $ 50,000.00 *Verify $ 50,000.00 IN S F | TC $ 70,000.00 $ 20,000.00 (80.900.00 $ 20,000.00 $272,000 $ 70,000.00 $ 342,000.00 LO No Tot Sto Con Comparative Balance Sheet for the Year ended December 31, Year 2020 Dec. 31, Dec. 31, Increase (Decrease) 2020 2019 Amount Percent Assets Current Assets: Cash $ 90,000.00 $ 70,000.00 $ 20,000.00 28.57% Accounts receivable, net $ 130,000.00 $ 90,000.00 $ 40,000.00 44.44% Inventory $ 135,000.00 $ 80,000.00 $ 55,000.00 68.75% Prepaid Insurance $ 25,000.00 $ 20,000.00 $ 5,000.00 25.00% Prepaid rent $ 12,000.00 $ (12,000.00) -100.00% Total current assets $ 380,000.00 $ 272,000.00 $ 108,000.00 39.71% Property, plant and equipment: Equipment Less: Accumulated Depreciation Total Property, plant and equipment Total assets $ 300,000.00 $ 250,000.00 $ 50,000.00 $ (75,000.00) $ (50,000.00) $ (25,000.00) $ 225,000.00 $ 200,000.00 $ 25,000.00 $ 605,000.00 $ 472,000.00 $ 133,000.00 20.00% 50.00% 12.50% 28.18% Liabilities and Shareholders' Equity Current liabilities: Accounts payable Notes payable Salaries payable Federal Income taxes payable Total current liabilities $ 75,000.00 $ 40,000.00 $ 35,000.00 $ 20,000.00 $ 60,000.00 $ (40,000.00) $ 40,000.00 $ 30,000.00 $ 10,000.00 $ 10,000.00 $ 25,000.00 $ (15,000.00) $ 145,000.00 $ 155,000.00 $ (10,000.00) 87.50% -66.67% 33.33% -60.00% -6.45% Long term liabilities: Notes payable Total liabilities $ 60,000.00 $ 37,000.00 $ 23,000.00 $ 205,000.00 $ 192,000.00 $ 13,000.00 62.16% 6.77% 34.62% Stockholders' equity: Common stock, $5 par Paid-in capital in excess of par Retained earnings Total stockholders' equity Total liabilities and stockholders' $ 175,000.00 $ 130,000.00 $ 45,000.00 $ 25,000.00 $ 200,000.00 $ 150,000.00 $ 50,000.00 $ 400,000.00 $ 280,000.00 $ 120,000.00 $ 605,000.00 $ 472,000.00 $ 133,000.00 33.33% 42.86% 28.18% Income Statement for the Year ended December 31, Year 2020 850,000 (Null) 850,000 80,000 Revenue: Gross Sales Less: Sales Returns and Allowances Net Sales Cost of goods sold: Beginning Inventory Add: Purchases: Investment Expense Inventory Available Less. Ending Inventory Gross profit (Loss) Expenses: Amontization Salary and Wages Intrest Expenses Other Expenses (Rent) Less: on Sale of Equipment Income Before Taxes 4,750,000 4,750,000 5,550,000 (1,350,000) 420,000 (32,000) (1,200,000) (4,000) (30,000) (2,000) 2,300,000 Taxes Income After Taxes (69,600) 1,620,400 Ratio Set Statement for the Year 2019 & 2020 Ratio Sets: 2019 Current Ratio 1.75 2020 2.62 Quick Ratio 1.03 1.52 Accounts Receivable Turnover 7.73 Number of Days Sales in Receivables 55.82 (56) Inventory Turnover 4.42 Number of Days Sales in Inventory 103.74 (104) Ratio of Liabilities to Stockholders Equity 0.5125 Returned on total assets 0.22 Return on equity for 2020 0.33 Earnings per share for 202082019 2.29