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 Accounts receivable (net) Inventory Accounts payable Notes payable Common stock, $100 par Retained earnings $ 34,000 74,000 202,000 54,000 35,000 402,000 114,000 $ 12,000 128,000 171,000 85,000 59,000 402,000 104,000 Additional information: 1. 2. The inventory turnover is 3.3 times. The return on common stockholders' equity is 28%. The company had no additional paid-in capital. The accounts receivable turnover is 7.6 times. The return on assets is 12.5%. Total assets at December 31, 2019, were $619,000. 4. 5. Compute the following for Panza Corporation. Compute the following for Panza Corporation. a) Cost of goods sold for 2020 373,000 (b) Net credit sales for 2020. 767,600 (c) Net income for 2020 143,920 (d) Total assets at December 31, 2020 820,200