Davidson Corporation: Balance Sheet as of December 31, 2019 (Millions of Dollars) Assets Cash and equivalents Accounts receivable Liabilities and Equity 10 Accounts payable 550 Accruals 830 Notes payable Inventories Total current assets Net plant and equipment $ 1,390 Total current liabilities 2,380 Long-term bonds Total liabilities Common stock (100 million shares) Retained earnings Common equity Total assets $ 3,770 Total liabilities and equity Davidson Corporation: Income Statement for Year Ending December 31, 2019 (Millions of Dollars) Operating costs excluding depreciation and amortization Sales $ 130 240 240 $ 610 1,520 $ 2,130 240 $ 1,400 $ 1,640 $ 3,770 $ 8,250 6,240 EBITDA Depreciation and amortization EBIT Interest EBT Taxes (25%) Net income Common dividends paid Earnings per share $ 2,010 400 $ 1,610 210 $ 1,400 350 1,050 $ 446 10.50