Doom Inc. incorporated in 2019 and went public in 2020. The following financial information is available for year 2020. The information is available in Excel at the bottom.

Complete the Doom Inc. Corporation 2020 Income statement, Statement of Cash Flow and Balance Sheet.

	2020	2019
Sales	$1,100,000
Cost Of Goods Sold	$650,000
Selling Gross and Administration - SG&A	$50,000
Property, Plant & Equipment (PPE) - cost	$500,000
Depreciation (%)	20%
Newly Common Stock Issued ($)	$300,000	$100,000
Number of Shares Issued	20,000	10,000
Debt Issued	$200,000
Interest rate on debt	10%
Receivable	$150,000
Inventory	$200,000	$80,000
Payables	$180,000
Cash		$20,000
Current Taxes (Paid)	$40,000
Dividend	20,000
The company bought back 1,000 shares at $50 per share
The Current stock price is $60 Financial Statement Balance Sheet Income Statement 2020 2019 Assets Liability and Equity Sales $1,100,000 2019 2020 2019 2020 Sales Cost Of Goods Sold $650,000 Cash 20,000 Selling Gross and Administration - SG&A $50,000 Inventory 80,000 Property, Plant & Equipment (PPE) - cost $500,000 Depreciation (%) 20% Newly Common Stock Issued ($) $300,000 $100,000 Number of Shares Issued 20,000 10,000 100,000 Common Stock Debt Issued $200,000 Net Income Interest rate on debt 10% Receivable $150,000 Inventory $200,000 $80,000 Total Assets 100,000 100,000 Total Liability and Equity Payables $180,000 Statement of Cash Flows Cash $20,000 Current Taxes (Paid) $40,000 Net Income Dividend 20,000 Towards the end of the year, the company bought back 1,000 shares at $50 per share The Current stock price is $60 Total Change in Cash