Comparative financial information for Common Corporation are as follows: Common Corporation Statement of Financial Position As at December 31 2020 2019 Assets Cash $23,940 $19,826 Accounts receivable 63,270 46,548 Inventory 106,020 137,920 Property, plant and equipment (net) 463,410 468,928 Other assets 198,360 188,778 $855,000 $862,000 Liabilities and Shareholders' Equity Current liabilities $98,325 $52,582 Long-term debt 185,535 225,844 Share capital - common shares 518,924 518,924 Retained earnings 52,216 64,650 $855,000 $862,000 Common Corporation Statement of Income For the Year Ended December 31 2020 2019 Sales $701,000 $806,000 Cost of goods sold 455,650 577,096 Gross profit 245,350 228,904 Other expenses 168,240 204,724 Income before income taxes 77,110 24,180 Income tax expense 23,133 7,254 Net income $53,977 $16,926 Common Corporation Statement of Financial Position As at December 31 2020 2019 Assets Cash % % Accounts receivable % % Inventory % % Property, plant and equipment (net) % % Other assets % % % % Liabilities and Shareholders' Equity Current liabilities % % Long-term debt % % Share capital - common shares % % Retained earnings % % % % Common Corporation Statement of Income For the Year Ended December 31 2020 2019 Sales % % Cost of goods sold % % Gross profit % % Other expenses % % Income before income taxes % % Income tax expense % % Net income % %