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The following are condensed comparative financial statements of Nero Corporation for the three years ended December 31, 2019, 2020, and 2021. Nero Corporation Balance Sheet At December 31 Nero Corporation Income Statement For Years Ended Assets 2020 Current Cash Accounts Receivable Inventory Prepaid expenses 2021 S24 $415 S72 S2 $144 so $45 S48 S2 $96 2019 $0 $44 $36 2021 5252 $189 563 S3Z $26 Sales Cost of goods sold Gross profit Selling and administrative Inccome from operations Interest expense Income before income taxes Income taxes Net income 2020 $144 5196 S48 $34 $14 2019 $120 566 $54 $20 $24 584 Non-current Property, plant, and equipment, net Total assets SINO $226 sa $212 S456 524 $91 SIZE $20 S2 $12 SES Llabilities and Stockholders' Equity Current Accounts payable $54 $72 Provisions $30 $24 Non-current bonds payable 4% $96 $60 $180 $156 $40 $20 SO $60 Common Stock Retained Earnings Total liab and stockholders' equity $240 $36 S456 $96 $24 $276 $96 $19 SIZE The following additional information is available: 1. All sales are on credit; credit terms are net 60 days after invoice date. 2. Twenty shares of common stock were outstanding in years 2019 and 2020. On April 1, 2021, an additional 30 shares of common stock were issued for $144 cash in total. 3. The accounts receivable balance at January 1, 2019 was $19. 4. The inventory balance at January 1, 2019 was $24. 5. The net capital assets balance at January 1, 2019 was $91. 6. The total assets balance at January 1, 2019 was $165. 7. The total stockholders' equity balance at January 1, 2019 was $101. 8. Dividends of $8 were declared in 2019. No dividends were declared in Qument Accounts payable Provisions Non-current bonds payable, 4% $54 SBO 996 SIBO $72 $24 $ $156 $40 $20 SO $60 Common Stock Retained Eamings Total lab and stockholders' equity $200 $96 $450 596 $24 $278 $96 $19 $175 The following additional information is available: 1. All sales are on credit; credit terms are net 60 days after 2. Twenty shares of common stock were outstanding in yea 2020. On April 1, 2021, an additional 30 shares of comm issued for $144 cash in total. 3. The accounts receivable balance at January 1, 2019 was 4. The inventory balance at January 1, 2019 was $24. 5. The net capital assets balance at January 1, 2019 was $9 6. The total assets balance at January 1, 2019 was $165. 7. The total stockholders' equity balance at January 1, 2019 8. Dividends of $8 were declared in 2019. No dividends wer 2020 and 2021. 9. Interest has been paid on the bonds each year and is inclu interest expense. After applying multiple analysis techniques, what conclusions drawn from the provided financial data? The following are condensed comparative financial statements of Nero Corporation for the three years ended December 31, 2019, 2020, and 2021. Nero Corporation Balance Sheet At December 31 Nero Corporation Income Statement For Years Ended Assets Current Cash Accounts Receivable Inventory Prepaid expenses 2021 $24 $45 $72 53 $144 2020 SO $45 $48 52 $96 2019 So $44 $36 $4 $84 Sales Cost of goods sold Gross profit Selling and administrative Inccome from operations Interest expense Income before income taxes income taxes Net Income 2021 5252 $189 563 $37 $26 2020 $144 596 548 $34 $14 2019 $120 566 554 $30 524 Non current Property, plant, and equipment, net Total assets $312 5456 $180 $276 $91 $123 520 $24 S8 $3 ss $12 $13 Llabilities and Stockholders' Equity Current Accounts payable $54 $72 Provisions $30 $24 Non-current bonds payable, 4% $96 $60 SIBO $156 $40 $20 $0 $60 Common Stock Retained Earnings Total liab and stockholders' equity $240 $36 S456 $96 $24 $220 $96 $19 $175 The following additional information is available: 1. All sales are on credit; credit terms are net 60 days after invoice date. 2. Twenty shares of common stock were outstanding in years 2019 and 2020. On April 1, 2021, an additional 30 shares of common stock were issued for $144 cash in total. 3. The accounts receivable balance at January 1, 2019 was $19. 4. The inventory balance at January 1, 2019 was $24. 5. The net capital assets balance at January 1, 2019 was $91. 6. The total assets balance at January 1, 2019 was $165. 7. The total stockholders' equity balance at January 1, 2019 was $101. 8. Dividends of $8 were declared in 2019. No dividends were declared in