The following is the comparative statement of financial position of PT Uhuy in 2018 and 2019 (in US$):

COMPARATIVE STATEMENT OF FINANCIAL POSITION PT UHUY AS OF 31"DECEMBER 2018 AND 31"DECEMBER 2019 2019 2018 Changes ASSETS Cash 45.000 53.500 (8,500) Account Receivable (net) 51.300 58.000 (6,700) Inventories 147.200 135.000 12,200 Investment 60.000 (60,000) Equipment 493.000 375.000 118,000 Accumulated Depreciation- (113.700) (128.000) 14,300 Equipment TOTAL ASSETS 622.800 553.500 69,300 LIABILITIES & EQUITY Account Payable 61.500 42.600 18,900 Bonds Payable 100.000 (100,000) Common Stock 250.000 200.000 50,000 Paid-in Capital in excess of par - Common Stock 75.000 50.000 25,000 Retained Earnings 236.300 160.900 75,400 TOTAL LIABILITIES AND EQUITY 622.800 553.500 69,300STATEMENT OF PROFIT AND LOSS PT UHUY FOR THE YEAR ENDED 31" DECEMBER 2019 Sales 623.000 Cost of merchandise sold 348.500 GROSS PROFIT 274.500 Operating Expense: Depreciation Expense 24.700 Other operating expenses 75.300 100.000 INCOME FROM OPERATIONS 174.500 Other Income & Expenses: Gain on Sales of Investment 5.000 Interest Expenses 12.000 (7.000) INCOME BEFORE INCOME TAX 167.500 Income Tax (64.100) NET INCOME 103.400