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		$ 31,000			$ 14,500
Accounts receivable (net)		77,500			128,500
Inventory		196,000			179,000
Accounts payable		48,000			90,500
Notes payable		29,500			60,500
Common stock, $100 par		407,000			407,000
Retained earnings		102,000			107,500

Additional information:

1.		The inventory turnover is 2.6 times.
2.		The return on common stockholders equity is 26%. The company had no additional paid-in capital.
3.		The accounts receivable turnover is 8.9 times.
4.		The return on assets is 12.5%.
5.		Total assets at December 31, 2019, were $608,000.

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		$

Please give an explanation/step by step on how you did it because im confused. thanks