Maximum Co. have the following financial statements for the period ended December 31, 2020 (in $): Maximum Co. Comparative Statement of Financial Position December 31, 2019-2020 ASSETS Cash Account Receivable Inventory Prepaid Insurance Land Building Accumulated Depreciation-Building Equipment Accumulated Depreciation-Equipment TOTAL ASSETS LIABILITIES AND EQUITY Account Payable Accrued Expense Utilities Payable Dividend Payable Interest Payable Bank Loan (due in 2020) Bonds Payable (due in 2021) Share Capital-Ordinary (par $10) Share Premium-Ordinary Retained Earnings TOTAL EQUITY AND LIABILITIES 2019 2020 250.000 340.000 150.000 230.000 400.000 550.000 150.000 250.000 1.000.000 1.000.000 3.500.000 - 360.000 6.190.000 700.000 1.800.000 3.000.000 - 600.000 2.100.000 - 420.000 6.450.000 190.000 125.000 150.000 170.000 180.000 150.000 200.000 180.000 100.000 100.000 750.000 750.000 1.000.000 1.000.000 1.000.000 1.050.000 750.000 775.000 1.870.000 2.150.000 6.190.000 6.450.000 Maximum Co. Income Statement For The Year Ended December 31, 2020 Net Sales (all on account) Cost of Goods Sold 2.200.000 880.000 Gross Profit Operating Expenses Income from Operations Other Income 1.320.000 450.000 870.000 100.000 Income before Interest and Tax 970.000 Interest Expense 200.000 Income Tax Expense 230.000 Net Income 540.000 The market price for common stock is $ 10 per share