INCOME STATEMENT Net sales Cost of goods sold Salaries Rental expenses Depr. Expense Interest expense Tax expense Net income (loss) 2018 2019 1,316 1,658 332 673 90 100 26 18 12 30 560 338 48 71 248 4281 BALANCE SHEET Cash Accounts receivable Inventory Total Current Assets GFA Accd depre Net fixed assets Total Assets Accounts payable Bank line of credit Current portion due on term loan Total Current Liabilities Long-term debt Total Liabilities Total equity Total Liabilities and Equity 2018 2019 26 20 72 82 85 78 183 180 1,138 1,575 110 140 1,028 1,435 1,211 1,615 39 52 0 225 70 70 109 347 875 805 984 1,152 227 463 1,211 1,615 Question 5 (5 points) 10 Listen What is proforma gross fixed assets in 2020? 2,775 2,835 3,275 2,580