Refer the following table. Cash Tia's Trampolines Inc. Comparative Balance Sheet Information November 30 (millions of $) Accounts receivable (net) Plant and equipment (net) Accounts payable Long-term notes payable Preferred shares 2020 $ 216 291 2019 $ 604 328 2018 $ 629 147 1,457 1,640 1,936 71 147 312 976 1,296 1,456 176 176 176 656 656 656 85 297 112 Common shares Retained earnings The preferred shares are $0.50, non-cumulative 80 million preferred and 320 million common shares were issued and outstanding during each year. Net sales Tia's Trampolines Inc. Income Statement For Year Ended November 30 (millions of $) Cost of goods sold Gross profit Operating expenses: Depreciation expense Other expenses Total operating expenses Profit from operations Interest expense Income tax expense Profit 2020 2019 2018 $4,240 $6,560 $6,880 2,824 4,448 4,672 $1,416 $2,112 $2,208 $ 328 $ 328 $ 328 424 1,280 1,476 752 1,608 1,804 664 $ 504 $ 404 $ 90 179 109 131 119 96 $ 395 $ 264 $ 189 Required