Metlock Company has not yet prepared a statement of cash flows for the 2020 fiscal year. Comparative balance sheets as of December 31, 2019 and 2020, and a statement of income and retained earnings for the year ended December 31, 2020, are presented as follows.

METLOCK COMPANY STATEMENT OF INCOME AND RETAINED EARNINGS FOR THE YEAR ENDED DECEMBER 31, 2020 ($000 OMITTED)
Sales revenue				$3,810
Expenses
Cost of goods sold		$1,200
Salaries and benefits		720
Heat, light, and power		70
Depreciation		80
Property taxes		20
Patent amortization		20
Miscellaneous expenses		10
Interest		30		2,150
Income before income taxes				1,660
Income taxes				830
Net income				830
Retained earningsJan. 1, 2020				350
				1,180
Stock dividend declared and issued				650
Retained earningsDec. 31, 2020				$530

METLOCK COMPANY COMPARATIVE BALANCE SHEETS AS OF DECEMBER 31 ($000 OMITTED)
Assets		2020			2019
Current assets
Cash		$341			$190
U.S. Treasury notes (available-for-sale)		10			50
Accounts receivable		780			480
Inventory		740			550
Total current assets		1,871			1,270
Long-term assets
Land		150			70
Buildings and equipment		900			610
Accumulated depreciationbuildings and equipment		(200	)		(120	)
Patents (less amortization)		110			130
Total long-term assets		960			690
Total assets		$2,831			$1,960
Liabilities and Stockholders Equity
Current liabilities
Accounts payable		$384			$350
Income taxes payable		37			30
Notes payable		310			310
Total current liabilities		731			690
Long-term notes payabledue 2022		220			220
Total liabilities		951			910
Stockholders equity
Common stock		1,350			700
Retained earnings		530			350
Total stockholders equity		1,880			1,050
Total liabilities and stockholders equity		$2,831			$1,960