The condensed statements of Independent Auto Inc, follow: Independent Auto Inc. Income Statement ($000) For Years Ended December 31 2020 Net sales $209,600 Cost of goods sold 125,334 Gross profit from sales $84,266 Selling expenses $ 29,617 Administrative expenses 18,971 Total operating expenses $ 48,588 Profit before taxes $ 35,678 Income taxes 6,783 Profit $ 28,895 2019 $192,800 119,600 $.73,200 $ 26,635 26,995 $ 53,630 $ 19,570 6,167 $ 13,403 2018 $167,600 106,328 $ 61,272 $ 22,166 13,869 $ 36,035 $ 25,237 5,233 $ 20,004 2019 2018 Independent Auto Inc. Balance Sheet ($900) December 31 2020 Assets Current assets $ 35, 136 Non-strategic investments 8 Plant and equipment, net 65,400 Total assets $180,536 Liabilities and Equity Current liabilities $ 14,740 Common shares 59,100 Retained earnings 26,696 Total 13 abilities and equity $100,536 $27,747 590 69,600 $97,937 $36,654 3,204 42,300 $82,158 $14,572 59,100 24, 265 $97,937 $14,236 44,400 23,522 $82,158 December 2020 Dec 3100 December 2011 2. Express the income statement date in common size percentages, and your tinni percaninge nuwers 10 2 decimal places) INDEPENDENTAUTO INC Common Sir Comparative Income Statement) For Year Ended December 31, 2020, 2013 and 2011 3030 2019 101 Categods sold Go tom Porto 3. Express the balance sheet data in trend percentages with 2018 as the bose year, (Round your final percentage answers to 2 decimal places) 2010 INDEPENDENT AUTO INC Balance Sheet Data in Trend Percentages in December 31, 2020 2019, and 2010 2020 2010 Assets Current assets Non stage investments Pant and equipment, net Toots Liabilities and Equity Current sites Common shares Rated coming States and equity The condensed statements of Independent Auto Inc, follow: Independent Auto Inc. Income Statement ($000) For Years Ended December 31 2020 Net sales $209,600 Cost of goods sold 125,334 Gross profit from sales $84,266 Selling expenses $ 29,617 Administrative expenses 18,971 Total operating expenses $ 48,588 Profit before taxes $ 35,678 Income taxes 6,783 Profit $ 28,895 2019 $192,800 119,600 $.73,200 $ 26,635 26,995 $ 53,630 $ 19,570 6,167 $ 13,403 2018 $167,600 106,328 $ 61,272 $ 22,166 13,869 $ 36,035 $ 25,237 5,233 $ 20,004 2019 2018 Independent Auto Inc. Balance Sheet ($900) December 31 2020 Assets Current assets $ 35, 136 Non-strategic investments 8 Plant and equipment, net 65,400 Total assets $180,536 Liabilities and Equity Current liabilities $ 14,740 Common shares 59,100 Retained earnings 26,696 Total 13 abilities and equity $100,536 $27,747 590 69,600 $97,937 $36,654 3,204 42,300 $82,158 $14,572 59,100 24, 265 $97,937 $14,236 44,400 23,522 $82,158 December 2020 Dec 3100 December 2011 2. Express the income statement date in common size percentages, and your tinni percaninge nuwers 10 2 decimal places) INDEPENDENTAUTO INC Common Sir Comparative Income Statement) For Year Ended December 31, 2020, 2013 and 2011 3030 2019 101 Categods sold Go tom Porto 3. Express the balance sheet data in trend percentages with 2018 as the bose year, (Round your final percentage answers to 2 decimal places) 2010 INDEPENDENT AUTO INC Balance Sheet Data in Trend Percentages in December 31, 2020 2019, and 2010 2020 2010 Assets Current assets Non stage investments Pant and equipment, net Toots Liabilities and Equity Current sites Common shares Rated coming States and equity
