The 2020 financial statements of Outdoor Waterworks Inc. follow. $1,056,000 Net sales Cost of goods sold: Inventory, Dec. 31, 2019 Purchases Goods available for sale Inventory, Dec. 31, 2020 Cost of goods sold Gross profit from sales Operating expenses Operating profit Interest expense Profit before taxes Income taxes Profit Q 79,860 609, 840 $ 689,700 60, 390 629,310 $ 426,690 282,360 $ 144,330 12, 300 $ 132,030 19,314 $ 112,716 Outdoor Waterworks Inc. Balance Sheet December 31, 2020 Assets Cash Current non-strategic investments Eccounts receivable net Potes receivable Inventory Prepaid expenses plant and equipment net Total assets Liabilities and Equity $ 23,102 25, 562 52,980 1 450 60), 390 5940 331 020 $9102450 O The 2020 financial statements of Outdoor Waterworks Inc. follow. $1,056,000 Net sales Cost of goods sold: Inventory, Dec. 31, 2019 Purchases Goods available for sale Inventory, Dec. 31, 2020 Cost of goods sold Gross profit from sales Operating expenses Operating profit Interest expense Profit before taxes Income taxes Profit Q 79,860 609, 840 $ 689,700 60, 390 629,310 $ 426,690 282,360 $ 144,330 12, 300 $ 132,030 19,314 $ 112,716 Outdoor Waterworks Inc. Balance Sheet December 31, 2020 Assets Cash Current non-strategic investments Eccounts receivable net Potes receivable Inventory Prepaid expenses plant and equipment net Total assets Liabilities and Equity $ 23,102 25, 562 52,980 1 450 60), 390 5940 331 020 $9102450 O