Condensed financial data of Pina Company for 2020 and 2019 are presented below.

PINA COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019
		2020			2019
Cash		$1,770			$1,160
Receivables		1,740			1,280
Inventory		1,620			1,880
Plant assets		1,930			1,670
Accumulated depreciation		(1,250	)		(1,190	)
Long-term investments (held-to-maturity)		1,290			1,420
		$7,100			$6,220
Accounts payable		$1,220			$920
Accrued liabilities		190			240
Bonds payable		1,370			1,570
Common stock		1,930			1,730
Retained earnings		2,390			1,760
		$7,100			$6,220

PINA COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020
Sales revenue		$6,860
Cost of goods sold		4,600
Gross margin		2,260
Selling and administrative expenses		930
Income from operations		1,330
Other revenues and gains
Gain on sale of investments		80
Income before tax		1,410
Income tax expense		520
Net income		890
Cash dividends		260
Income retained in business		$630

Additional information: During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2020.

PINA COMPANY Statement of Cash Flows choose the accounting period December 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020 (Direct Method)