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 31, 2020			December 31, 2019
Cash		$ 33,500			$ 10,000
Accounts receivable (net)		75,500			130,000
Inventory		194,000			177,000
Accounts payable		51,500			87,000
Notes payable		33,000			58,500
Common stock, $100 par		412,000			412,000
Retained earnings		103,000			100,000

Additional information:

1.		The inventory turnover is 2.6 times.
2.		The return on common stockholders equity is 30%. The company had no additional paid-in capital.
3.		The accounts receivable turnover is 8.7 times.
4.		The return on assets is 12.5%.
5.		Total assets at December 31, 2019, were $612,000.

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		$