Carla Vista Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2019 and 2020 follow Carla Vista Medical Comparative Balance Sheet As of December 31 Assets Current assets 2020 2019 Cash $399,000 $417.350 Accounts receivable, net 1.082.000 776,400 lovemtory 738,000 681,000 Other current assets 381,300 247,100 Total current assets 2.600.300 2121850 Property, plant, & equipment, net 8.619.910 8,440,065 Total assets $11.220.210 $10.561.915 Liabilities and Stockholders' Equity Current abilities $3.159.000 $2.846,000 Long-term debt 3,702,700 3892.700 Total liabilities 6.861.700 6.738.700 Preferred stock, $5 par value 58,900 58.900 Common stock. $0.25 par value 104.600 103,850 Retained earnings 4.195.010 3660465 Total stockholders' equity 4.358510 3.823215 Total liabilities and stockholders' equity $11.220.210 $10.561.915 Carla Vista Medical Comparative Income Statement and Statement of Retained Earnings For the Year 2020 2019 Sales revenue (all on account) $10.177,200 $9.613,900 Cost of goods sold 5611750 5298.700 Gross pront 4.565,450 4.315.200 Operating expenses 2540.300 2634.100 Net operating income 1.725.150 1681100 Interest expense 300,300 308.650 Net income before taxes 1424850 1.372.450 Income taxes (30%) 427455 411735 Net income 5997,395 $960715 Dividends paid Preferred dividends 29.500 29.550