P10-30A (alt2) Comparative financial statement data of Trombly Optical Mart follow: (Click on the icon to view the income statements.) Other information: (Click on the icon to view the balance sheets.) 1. Market price of Trombly common shares: $49.06 at December 31, 2020; and $39.05 at December 31, 2019 2. Average common shares outstanding: 24,000 during 2020 and 22,000 during 2019 3. All sales on credit Requirements Show V a of T inco Income statements n sha nding Trombly Optical Mart Comparative Income Statement Years Ended December 31, 2020, and 2019 - X 2020 2019 Net sales $ 682,000 $ 593,000 Cost of goods sold 373,000 272,000 Gross profit 309,000 321,000 e am Operating expenses 126,000 140,000 bt recei Income from operations Interest expense 183,000 181,000 37,000 49,000 Income before income tax 146,000 132,000 es o en e XX. mb Income tax expense Net income 39,000 54,000 $ 107,000 $ 78,000 age Print Done Balance sheets Trombly Optical Mart Comparative Balance Sheet December 31, 2020, and 2019 Show Work 2020 2019 2018* - X Current assets: Cash $ 46,000 $ 50,000 Current receivables, net 212,000 154,000 $ 203,000 Inventories 299,000 279,000 177,000 4,300 32,000 Prepaid expenses Total current assets 561,300 515,000 286,000 Property, plant, and equipment, net 280,000 $ 847,300 $ 795,000 Total assets 704,000 Accounts payable Other current liabilities Print Done 160,000 100,000 115,000 137,000 183,000 Balance sheets Show Work - X Current receivables, net Inventories Prepaid expenses Total current assets 212,000 154,000 $ 203,000 177,000 299,000 279,000 4,300 32,000 561,300 515,000 286,000 Property, plant, and equipment, net 280,000 $ 847,300 $ 795,000 Total assets 704,000 Accounts payable Other current liabilities Total current liabilities Long-term liabilities Total liabilities Common shareholders' equity, no par Total liabilities and shareholders' equity Selected 2018 amounts. 160,000 137,000 100,000 183,000 115.000 $ 297,000 $ 283,000 238.000 228.000 535.000 511,000 312,300 284.000 197.000 $ 847,300 $ 795.000 Print Done nea the