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Need help solving please *Exercise 14-12 Panza Corporation experienced a fire on December 31, 2020, in which its financial records were partially destroyed. It has

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*Exercise 14-12 Panza Corporation experienced a fire on December 31, 2020, in which its financial records were partially destroyed. It has been able to salvage some of the records and has ascertained the following balances. December December 31, 2020 31, 2019 Cash :1; 31,000 $ 14,500 Accounts receivable (net) 77,500 128,500 Inventory 196,000 179,000 Accounts payable 48,000 90,500 Notes payable 29,500 60,500 Common stock, $100 par 407,000 407,000 Retained earnings 102,000 107,500 Additional information: The inventory turnover is 2.6 times. The return on common stockholders' equity is 26%. The company had no additional paid-in capital. The accounts receivable turnover is 8.9 times. The return on aSSEts is 12.5%. Total assets at December 31, 2019, were $608,000. U'l-BLAJNH Compute the following for Panza Corporation. (a) Cost of goods sold for 2020 $ (b) Net credit sales for 2020. $ (c) Net income for 2020 $ (d) Total assets at December 31, 2020 $

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