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 $35,000 $17,500 Accounts receivable (net) 72,500 128,500 Inventory 197,000 180,000 Accounts payable 50,000 92,000 Notes payable 29,500 61,500 Common stock, $100 par 390,000 390,000 Retained earnings 101,000 109,000 Additional information: 1. The inventory turnover is 2.3 times. 23 The return on common stockholders' equity is 20%. The company had no additional paid-in capital. The accounts receivable turnover is 8.2 times. The return on assets is 12.5%. 4. 5. Total assets at December 31, 2019, were $599,000.