i Income statements - B N 3 4 5 1 Sanfield, Inc. Comparative Income Statements For the Years Ended December 31, 2020 and 2019 4 (amounts in thousands) 5 2020 2019 6 Sales revenues $ 445,910 $ 425,080 7 Less: Cost of goods sold 236,000 224,000 8 Gross profit $ 209,910 $ 201,080 9 Less: Operating expenses 132,000 128,000h 10 Operating income 77,910$ 73,080 11 Less: Interest expense 10,600 11,600 12 Income before income taxes $ 67,310$ 61.480 13 Less: Income tax expense 18,860 19,630 14 Net income $ 48,450 $ 41.850 02 hve in Print Done B D 1 2 3 Sanfield, Inc. Comparative Balance Sheets December 31, 2020 and 2019 (amounts in thousands) 2020 4 5 2019 2018 6 Assets 7 Current assets: 8 Cash 9 Accounts receivable 10 Inventory 11 Prepaid expenses 12 Total current assets $ 98,000 $ 99,000 118,500 114,500 $ 103,500 132,000 163,000 $ 157,000 13,500 8,500 $362.000 $ 385,000 205,000 174,000 $ 567.000 $ 559,000 13 Property, plant, and equipment, net 14 Total assets 15 Liabilities 16 Current liabilities $ 200,000 $ 220,000 139,000 157.000 $ 339,000 $ 377,000 17 Long-term liabilities 18 Total liabilities 19 Stockholders' equity 20 Preferred stock, 7% 21 Total common stockholders' equity $ 95,000 $ 95,000 133,000 87,000 $ 133,000 Print Done