Intro Below is the balance sheet and income statement for Electric Outreach Inc. for 2021 and 2020: Balance sheet on worksheet BS A 1 BALANCE SHEET B C 2 (n $ million) 2021 2020 3 Assets 4 Cash 1,260 760 5 Accounts receivable 3,360 2,470 6 Inventory 2,660 7 Current assets 8,400 5,890 8 Gross fixed assets 10,830 9 Cum depreciation 5,320 10 Net fixed assets 5.510 11,400 11 Total assets 12 13 Liabilities and Owner's Equity 14 Accounts payable 15 Accrued expenses 16 Current liabilities 2,100 1,520 840 950 17 Long-term debt 18 Total liabilities 2,470 4,750 9,240 7,220 19 Common stock 600 400 20 Paid-in capital 1,000 21 Retained earnings 2,780 22 Total equity 4,180 23 Total liab. & equity 15,120 11,400 Income statement on worksheet 15 B 0