Refer the following table. Focus Metals Inc. Comparative Balance Sheet Information November 30 (millions of $) 2020 2019 Sopped Cash $ 33 $ 103 Accounts receivable (net) 454 300 Inventory 94 87 Book Plant and equipment (net) 2,886 2,970 Accounts payable 347 263 Print Common shares Long-term notes payable" 1,870 470 2,430 470 References Retained earnings 780 297 *90% of the plant and equipment are secured by long-term notes payable. Focus Metals Inc. Income Statement For Year Ended November 30 (millions of $) Net sales 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 $3,090 $2,292 862 1,072 $2,018 $1,430 $ 122 $ 122 795 917 662 784 $1,101 $ 646 195 229 61 65 $ 845 $ 352