Current Attempt in Progress The following are the financial statements of Nosker Company. NOSKER COMPANY Comparative Balance Sheets December 31 Assets 2020 2019 Cash $35,250 $19,700 Accounts receivable 32,500 18,050 Inventory 26,050 21,000 Equipment 59,450 77,950 Accumulated depreciation-equipment (29,850) (23,500) Total $123,400 $113,200 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total NOSKER COMPANY Income Statement $28,200 $16,500 7.200 8,200 27,000 33,800 18.800 14,950 42.200 39,750 $123,400 $113,200 For the Year Ended December 31, 2020 Sales revenue Cost of goods sold Gross profit $241,500 176,250 65.250