Condensed balance sheet and income statement data for Jergan Corporation are presented here. Jergan Corporation Balance Sheets December 31 2019 2018 2020 $30.000 Cash $16,000 $18,500 50.500 44,200 47.300 89.100 94,500 64,200 Accounts receivable (net) Other current assets Investments Plant and equipment (net) 54,900 71,000 45,800 500.200 370.800 357.000 $724,700 $596.500 $532,800 $85,700 $79,400 $70,400 144.400 84,800 49,600 Current liabilities Long-term debt Common stock, $10 par Retained earnings 381.000 318.000 302.000 113,600 114.300 110.800 $724,700 $596,500 $532,800 Jergan Corporation Income Statement For the Years Ended December 31 2020 2019 $745.000 $606,000 40.800 30,200 704.200 575,800 Sales revenue Less: Sales returns and allowances Net sales Cost of goods sold Gross profit Operating expenses (including income taxes) Net income 425,800 367.000 278,400 208,800 186,854 151,220 $91.546 $57,580 Additional information: 1 The market price of Jergan's common stock was $7.00.57.50 and $8.50 for 2018, 2019 and 2020, respectively. You must compute dividends paid. All dividends were paid in cash. 2