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 32.000 s 16,500 Accounts receivable (net) 73.000 120,500 Inventory 208,000 183.000 Accounts payable 51,500 94,000 Notes payable 60,000 32,000 Common stock, $100 par 417.000 417.000 Retained earnings 118,000 106.000 Additional information: The inventory turnover is 2.9 times The return on common stockholders' equity is 23% . The company had no additional paid-in capital. 1. 2. The accounts receivable turnover is 8.7 times 3. 12.5% The return on assets 4. 5. Total assets at December 31,, 2019, were $598.000. Compute the following for Panza Corporation. (a) Cost of goods sold for 2020 586500 (b) Net credit sales for 2020. 841725 (c) Net income for 2020 121670 (d) Total assets at December 31, 2020 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 32.000 s 16,500 Accounts receivable (net) 73.000 120,500 Inventory 208,000 183.000 Accounts payable 51,500 94,000 Notes payable 60,000 32,000 Common stock, $100 par 417.000 417.000 Retained earnings 118,000 106.000 Additional information: The inventory turnover is 2.9 times The return on common stockholders' equity is 23% . The company had no additional paid-in capital. 1. 2. The accounts receivable turnover is 8.7 times 3. 12.5% The return on assets 4. 5. Total assets at December 31,, 2019, were $598.000. Compute the following for Panza Corporation. (a) Cost of goods sold for 2020 586500 (b) Net credit sales for 2020. 841725 (c) Net income for 2020 121670 (d) Total assets at December 31, 2020