The income statement and balance sheet for AVILA, Inc. are provided below. (Note that the reported figures in the statements are expressed in thousands of dollars.) AVILA, INC. Balance Sheets as of December 31, 2020 and 2021 (in 000s) 2020 2021 2020 2021 Assets Liabilities and Owners' Equity Current assets Cash Current liabilities $ 100 $ 175 Accounts payable $300 $ 430 Accounts receivable Inventory 300 295 450 530 Notes payable 500 560 Total $ 850 $1,000 Total $ 800 $ 990 Long-term debt $ 700 $ 800 Owners' equity Common stock $ 150 $ 220 Fixed assets Net plant and equipment Total assets Accumulated retained $ 200 $ 290 earnings $ 1,000 $1,300 Total $ 350 $ 510 $1,850 $2,300 Total liabilities and owners' equity $1,850 $2,300