Refer the following table. Focus Metals Inc. Comparative Balance Sheet Information November 30 (millions of $) 2020 2019 Cash $ 30 $ 100 Accounts receivable (net) 442 288 Inventory 88 81 Plant and equipment (net) 2,826 2,910 Accounts payable 332 248 Long-term notes payable* 1,840 2,400 Common shares 440 440 Retained earnings 774 291 *90% of the plant and equipment are secured by long- payable. Focus Metals Inc. Income Statement For Year Ended November 30 (millions of $) 2020 2019 Net sales $3,000 $2,202 Cost of goods sold 1,042 832 Gross profit $1,958 $1,370 Operating expenses: Depreciation expense $ 116 $ 116 Other expenses 780 647 896 763 Total operating expenses Profit from operations $1,062 $ 607 180 214 Interest expense 62 58 Refer the following table. Focus Metals Inc. Comparative Balance Sheet Information November 30 (millions of $) 2020 2019 Cash $ 30 $ 100 Accounts receivable (net) 442 288 Inventory 88 81 Plant and equipment (net) 2,826 2,910 Accounts payable 332 248 Long-term notes payable* 1,840 2,400 Common shares 440 440 Retained earnings 774 291 *90% of the plant and equipment are secured by long- payable. Focus Metals Inc. Income Statement For Year Ended November 30 (millions of $) 2020 2019 Net sales $3,000 $2,202 Cost of goods sold 1,042 832 Gross profit $1,958 $1,370 Operating expenses: Depreciation expense $ 116 $ 116 Other expenses 780 647 896 763 Total operating expenses Profit from operations $1,062 $ 607 180 214 Interest expense 62 58