Refer the following table. Tias Trampolines Inc.Comparative Balance Sheet InformationNovember $30($millions of $$)202320222021$Cash$$200$$$588$$$613$Accounts receivable $($net$)275312131$Plant and equipment $($net$)1,4321,4801,776$Accounts payable $55131184$Long$-$term notes payable $9601,2801,440$Preferred shares $160160160$Common shares $640640640$Retained earnings $9216996$The preferred shares are $$0\mathrm{.}50,$ non$-$cumulative $80$ million preferred and $320$ million common shares were issued and outstanding during each year. Tias Trampolines Inc.Income StatementFor Year Ended November $30($millions of $$)202320222021$Net sales$$3,920$ $$6,240$ $$6,560$ Cost of goods sold $2,7444,3684,592$ Gross profit$$1,176$ $$1,872$ $$1,968$ Operating expenses: Depreciation expense$$296$ $$296$ $$296$ Other expenses $3921,2481,444$ Total operating expenses $6881,5441,740$ Profit from operations$$488$ $$328$ $$228$ Interest expense $587787$ Income tax expense $1479964$ Profit$$283$ $$152$ $$77$