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Cash Accounts receivable Inventory Investments Intangibles Balance Sheet December 31, 2020 Property, plant, and equipment Total assets Accounts payable Bonds payable Preferred stock, $1

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Cash Accounts receivable Inventory Investments Intangibles Balance Sheet December 31, 2020 Property, plant, and equipment Total assets Accounts payable Bonds payable Preferred stock, $1 par Common stock, $10 par Retained earnings Global Company Local Company $ 40,000 145,000 $ 255,000 490,000 220,000 770,000 130,000 410,000 43,000 90,000 550,000 $1,078.000 1000,000 $2.965.000 $ 190,000 $ 505,000 310,000 1,240,000 160,000 100,000 310,000 850,000 148.000 310.000 $1.078.000 $2.965.000 Total liabilities and capital Income Statement For the Year Ended December 31, 2020 Sales Cost of goods sold Selling and administrative expenses Interest expense Income taxes Net income Item 1. 2 3. Global Company Global Company Local Company $3,465,000 $15,400,000 2,392,500 11,275,000 759,000 3,190,000 33,000 148,000 176,000 357,500 $ 141.900 $ 401.500 Local Company

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