How is this company doing? what should it focus on?

6 A B D 3 Fashion Trends, Inc. 4 Balance Sheet 5 For the Period Ended Dec. 31, 2020 6 2021* 2020 2019 7 Sales 7,100,000 6,148,000 5,134,000 8 Cost of Goods Sold 3,799,000 4,176,000 3,422,000 9 Gross Profit 3,301,000 1,972,000 1,712,000 10 Selling and G&A Expenses 589,000 588,000 590,000 11 Fixed Expenses 70,000 70,000 70,000 12 Depreciation Expense 528,000 478,000 446,000 13 EBIT 2,114,000 836,000 606,000 14 Interest Expense 186,000 186,000 182,000 15 Earnings Before Taxes 1,928,000 650,000 424,000 16 Taxes 771,200 195,000 127,200 17 Net Income 1,156,800 455,000 296,800 18 19 * Forecast 20 21 Notes 22 Tax Rate 40% 23 24 Additional Depreciation 50,000 25 Sorth-term Interest Rate 4% 26 Long-term Interest Rate 7% 27 Scenario Multiplier for part c 1% 28 DFN for Scenarios in part c 301,528 29 D E F 2019 678,000 730,000 600,000 2,008,000 8,644,000 4,112,000 4,532,000 6,540,000 B 3 Fashion Trends, Inc. 4 Balance Sheet 5 As of Dec. 31, 2020 6 Assets 2021* 2020 7 Cash and Equivalents 862,000 862,000 8 Accounts Receivable 1,085,660 1,006,000 9 Inventory 748,632 578,000 10 Total Current Assets 2,696,292 2,446,000 11 Plant & Equipment 9,388,000 9,338,000 12 Accumulated Depreciation 5,118,000 4,590,000 13 Net Fixed Assets 4,270,000 4,748,000 14 Total Assets 6,966,292 7,194,000 15 Liabilities and Owners' Equity 16 Accounts Payable 814,545 764,000 17 Short-term Notes Payable 158,000 158,000 18 Accrued Expenses 341,276 318,000 19 Total Current Liabilities 1,313,820 1,240,000 20 Long-term Debt 2,046,000 2,046,000 21 Total Liabilities 3,359,820 3,286,000 22 Common Stock 1,638,000 1,638,000 23 Retained Earnings 2,270,000 2,270,000 24 Total Shareholder's Equity 3,908,000 3,908,000 25 Total Liabilities and Owners' Equity 7,267,820 7,194,000 26 27 * Forecast 28 Discretionary Financing Needed 301.53 Surplus 29 Total Accumulated DFN 301,528 30 31 2020 Dividends 209,000 32 Net Addition to Plan and Equipment 50,000 33 Life of New Equipment in Years 10 34 Salvage Value of New Equipment 0 35 New Depreciation (Straight Line) 5,000 36 Iteration 0 37 540,000 198,000 228,000 966,000 1,934,000 2,900,000 1,616,000 2.024.000 3,640,000 6,540,000 "Surplus" or "Deficit" or "Balanced" 38