Refer the following table. Focus Metals Inc. Comparative Balance Sheet Information November 30 (millions of $) 2020 2019 Cash $ 19 $ 89 Accounts receivable (net) 398 244 Inventory 66 59 Plant and equipment (net) 2,606 2,690 Accounts payable 277 193 Long-term notes payable* 1,730 2,290 Common shares 330 330 Retained earnings 752 269 *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 2020 $2,670 932 2019 $1,872 722 $1,738 $1,150