Statement of financial position As of 31/12/2020 For year ended 31/12/2020 2020 2019 2020 Cash and Equivalents 8000 7400 Sales 654000 Accounts Receivable 200000 170000 Cost of Goods Sold -432000 Inventory 38000 32600 Gross Profit 222000 Property, Plant & Equipment 98000 79000 Operating expenses -120000 Accumulated dep. (69000) (59000) gains on sale of PPE 1000 Total Assets 275000 230000 EBIT 103000 Accounts payable Interest Expense -14000 Accrued salaries Earnings Before Taxes 89000 Bonds (10%) Taxes expense -38000 Net Income 51000 Common Stock Retained Earnings 45000 27000 Total Liabilities and Owner's Equity 275000 230000 52000 11000 3000 2000 45000 80000 130000 110000