Financial Statements Analysis

Below are the two most recent balance sheets and most recent income statement for Orca Industries. The company has an effective tax rate of $21\%.$

Balance Sheet

$\backslash$table$[[,2020,2019,],[$Assets:$,$$$10,000,$$$6,000,],[$Cash$,6,000,1,500,],[$Accounts Receivable $($net$),8,000,10,000,],[$Inventory$,12,000,11,000,],[$Long$-$lived assets,$(4,000{)}_{?},(2,000{)}_{?},],[$Less: Accumulated depreciation,$$32,{000}_{?},$$$26,{500}_{?},],[,$ Total assets,,,$],[$Liabilities and Stockholders' Equity:,$$5,000,$$$6,000,],[$Accounts payable,$1,000,2,000,],[$Deferred revenues,$10,000,10,000,],[$Long$-$term note payable,,$(800),(1,000)$