cember 31, 2019, WHICH MICIA were partially destroyed. It has been able to salvage some of the records ar ascertained the following balances. December 31, 2018 December 31, 201 Retained earnings Accounts payable 101.000 130,00 90,000 50,00 Notes payable 60,000 30,00 Cash 10.000 30,00 Receivables (net) 125,000 85,00 Common stock, $100 par 400,000 400,00 nventory 180,000 200,00 Additional information: Total assets at December 31, 2018, were $685,000. The accounts receivable turnover is 7 times. The return on assets is 16%. The inventory turnover is 5 times The return on common stockholders' equity is 20%. The company had no a paid-in capital equired: mpute the following for ABC Corporation Net income for 2019. ii. Total assets at December 31, 2019 Cost of goods sold for 2019. iv. Net sales (credit) for 2019. cember 31, 2019, WHICH MICIA were partially destroyed. It has been able to salvage some of the records ar ascertained the following balances. December 31, 2018 December 31, 201 Retained earnings Accounts payable 101.000 130,00 90,000 50,00 Notes payable 60,000 30,00 Cash 10.000 30,00 Receivables (net) 125,000 85,00 Common stock, $100 par 400,000 400,00 nventory 180,000 200,00 Additional information: Total assets at December 31, 2018, were $685,000. The accounts receivable turnover is 7 times. The return on assets is 16%. The inventory turnover is 5 times The return on common stockholders' equity is 20%. The company had no a paid-in capital equired: mpute the following for ABC Corporation Net income for 2019. ii. Total assets at December 31, 2019 Cost of goods sold for 2019. iv. Net sales (credit) for 2019