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 2019 2020 250.000 340.000 150.000 230.000 Prepaid Insurance Land Building 400.000 550.000 150.000 250.000 1.000.000 1.000.000 3.500.000 3.000.000 Accumulated Depreciation-Building Equipment 1.800.000 2.100.000 Accumulated Depreciation-Equipment TOTAL ASSETS 6.190.000 6.450.000 LIABILITIES AND EQUITY Account Payable Accrued Expense Utilities Payable 190.000 125.000 150.000 170.000 180.000 150.000 Dividend Payable 200.000 180.000 Interest Payable 100.000 100.000 Bank Loan (due in 2020) 750.000 750.000 Bonds Payable (due in 2021) 1.000.000 1.000.000 Share Capital-Ordinary (par $10) 1.000.000 1.050.000 Share Premium-Ordinary 750.000 775.000 Retained Earnings 1.870.000 2.150.000 TOTAL EQUITY AND LIABILITIES 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 1.320.000 Operating Expenses 450.000 Income from Operations 870.000 Other Income 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