LAG Network Inc.'s balance sheet and income statement are in the picture

Assets Cash Accounts receivable Merchandise inventory E ipmen t Accumulated depreciation Total assets Liabilities and Equity LAG Network Inc. Income Statement For Year Ended December 31, 2020 Sales Cost of goods sold 547,200 Gross profit Operating expenses : Depreciation expense Other expenses 223, Total operating expenses 249, ooo profit from operations 13, 600 Income taxes profit LAG Network Inc. 81, 100 52,600 39, 400 36, 600 279, 300 234,400 145, 400 136, 600 (62, 800) (37, 600) 482, 400 422, 600 22, 200 34,800 354, ooo 351, ooo 103, 600 35, 600 482, 400 422, 600 s 25,200 Comparative Balance Sheet Information s 919, 600 s 372,400 s 123,400 s 109,800 s s s s December 2020 2, 600 31 2019 1,200 Accounts payable Income taxes payable Conunon shares Retained earnings Total liabilities and equi ty