The following are condensed comparative financial statements of Nero Corporation for the three years ended December 31, 2019, 2020, and 2021.

The following additional information is available:

1. All sales are on credit; credit terms are net 60 days after invoice date.
2. Twenty shares of common stock were outstanding in years 2019 and 2020. On April 1, 2021, an additional 30 shares of common stock were issued for $144 cash in total.
3. The accounts receivable balance at January 1, 2019 was $19.
4. The inventory balance at January 1, 2019 was $24.
5. The net capital assets balance at January 1, 2019 was $91.
6. The total assets balance at January 1, 2019 was $165.
7. The total stockholders equity balance at January 1, 2019 was $101.
8. Dividends of $8 were declared in 2019. No dividends were declared in 2020 and 2021.
9. Interest has been paid on the bonds each year and is included in interest expense.

After applying multiple analysis techniques, what conclusions can be drawn from the provided financial data?

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Nero Corporation Balance Sheet At December 31 Nero Corporation Income Statement For Years Ended Assets 2019 $120 Current Cash Accounts Receivable Inventory Prepaid expenses 2021 $24 $45 $72 $3 $144 2020 SO $45 $48 $3 $96 2019 S $44 $36 $4 $84 $30 T T Sales Cost of goods sold Gross profit Selling and administrative Inccome from operations Interest expense Income before income taxes Income taxes Net income 2021 $252 $189 $63 $37 $26 $6 $20 $8 $12 2020 $144 $96 $48 $34 $14 $6 $8 $3 $5 Non-current Property, plant, and equipment, net Total assets $312 $456 $180 $276 $91 $175 Liabilities and Stockholders' Equity Current Accounts payable $54 $72 Provisions $30 $24 Non-current bonds payable, 4% $96 $60 $180 $156 $40 $20 S0 $60 $$ Common Stock Retained Earnings Total liab and stockholders' equity $240 $36 $456 $96 $24 $276 $96 $19 $175 Nero Corporation Balance Sheet At December 31 Nero Corporation Income Statement For Years Ended Assets 2019 $120 Current Cash Accounts Receivable Inventory Prepaid expenses 2021 $24 $45 $72 $3 $144 2020 SO $45 $48 $3 $96 2019 S $44 $36 $4 $84 $30 T T Sales Cost of goods sold Gross profit Selling and administrative Inccome from operations Interest expense Income before income taxes Income taxes Net income 2021 $252 $189 $63 $37 $26 $6 $20 $8 $12 2020 $144 $96 $48 $34 $14 $6 $8 $3 $5 Non-current Property, plant, and equipment, net Total assets $312 $456 $180 $276 $91 $175 Liabilities and Stockholders' Equity Current Accounts payable $54 $72 Provisions $30 $24 Non-current bonds payable, 4% $96 $60 $180 $156 $40 $20 S0 $60 $$ Common Stock Retained Earnings Total liab and stockholders' equity $240 $36 $456 $96 $24 $276 $96 $19 $175