Mo Digliani Inc. 2020 Income Statement >> Net sales $42.000.000 Cost of goods sold 29.400.000 Other costs 5.544.000 Depreciation 3,486,000 EBIT 3,570,000 Interest expense 1,092,000 Earnings before tax 2.478,000 Taxes (25%) 619,500 Net Income 1,858,500 Cash Accounts receivable nventory Total et fixed assets Mo Digliani Inc Balance Sheet as at December 31 (5) 2020 2019 1,696,800 1,680,000 Accounts payable 5,556,600 5,670,000 Other short-term payables 4,280,640 4,116,000 Total 11,534,040 11,466,000 Long term debt 37,870,560 36,414,000 Paid in capital Retained earrings 49,404,600 47,880,000 Total liabilities and equity 2020 20 4.934,299 A2840 1.913.940 2.058 624233 6,342 17,216,400 17.6A 10.382400 10.02 14,356,965 13. 49 404600 tal Assets 47 e are 1,000,000 (one million) shares outstanding and the market price Mo Digliani Inc. 2020 Income Statement >> Net sales $42.000.000 Cost of goods sold 29.400.000 Other costs 5.544.000 Depreciation 3,486,000 EBIT 3,570,000 Interest expense 1,092,000 Earnings before tax 2.478,000 Taxes (25%) 619,500 Net Income 1,858,500 Cash Accounts receivable nventory Total et fixed assets Mo Digliani Inc Balance Sheet as at December 31 (5) 2020 2019 1,696,800 1,680,000 Accounts payable 5,556,600 5,670,000 Other short-term payables 4,280,640 4,116,000 Total 11,534,040 11,466,000 Long term debt 37,870,560 36,414,000 Paid in capital Retained earrings 49,404,600 47,880,000 Total liabilities and equity 2020 20 4.934,299 A2840 1.913.940 2.058 624233 6,342 17,216,400 17.6A 10.382400 10.02 14,356,965 13. 49 404600 tal Assets 47 e are 1,000,000 (one million) shares outstanding and the market price