PT BDO Income Statement For The Year Ended December 31, 2020 Net Sales Cost of Goods Sold Gross Profit Operating Expenses Income from Operations Interest Expense Income before income tax Income tax expense Net Income 11.000.000 ? ? 2.000.000 ? ? ? 550.000 ? PT BDO Statements of Financial Position December 31 Aset 2020 4.620.000 2019 4.355.000 Assets Plant assets (net) Current assets Inventory Accounts receivable (net) Cash Total current assets Total assets ? ? 480.000 ? ? 1.720.000 1.050.000 375.000 3.145.000 7.500.000 Equity and Liabilities Share capital - ordinary. $1 par Retained eranings Total Equity Long-term notes payable Current liabilities Total liabilities Total equity and liabilities 2020 3.000.000 400.000 3.400.000 ? ? ? ? 2019 3.000.000 375.000 3.375.000 3.300.000 825.000 4.125.000 7.500.000 Additional information: 1. AR turnover in 2020 is 10 times. 2. All sales are credit 3. The profit margin for 2020 is 15% 4. The current ratio as of December 31, 2020 is 2.5 times 5. Inventory turnover in 2020 is 3 times