One question, a,b,c

The comparative balance sheets of Waterways Corporation's Irrigation Installation Division for the years 2019 and 2020 and the income statements for the year 2019 and 2020 are presented below. Additional information: 85% of the sales for waterways were credit sales. There are 5,000 shares outstanding for both years. This is a private corporation whose shares are not available to the public. WATERWAYS CORPORATION-INSTALLATION DIVISION Balance Sheets December 31 Assets 2020 2019 Current assets Cash $833,200 677,400 700,100 16,600 77,200 $747,700 543,800 Work in process Inventory Prepaid expenses 7,600 42,300 2,304,500 1,341,400 ON eml Total current assets Property, plant, and equipment Land Buildings Equipment Furnishings 297,000 451,000 933,400 40,400 297,000 451,000 806,300 40,400 (479,100) (486,400) Total property, plant, and equipment 1.242,700 1,108,300 $3,547,200 $2,449.700 Total assets