This problem tests your understanding of the articulation between statements. Fill in the missing blanks. Income Statement for Fit Company for Period Balance Sheet for Fit Company as of 12/31/19 Ending 12/31/20 Balance Sheet for Fit Company as of 12/31/20 Cash Sales 900 Cash Accounts Receivable 20 Cost of Goods Sold 350 Accounts Receivable PPE, net 1200 Gross Profit 550 PPE, net 50 1400 Total Assets 1720 Salaries Expense 200 Total Assets R&D Expense 150 Accounts Payable 80 Operating Profit Accounts Payable 90 Loans Payable Common Stock 200 Interest Expense 20 Loans Payable 250 900 Income before Tax Common Stock 900 Retained Earnings Total Liab and Stockholders' Equity Tax Expense 36 Retained Earnings Net Income Total Liab and Stockholders' Equity Cash Flow Statement for Period Ending Decebmer 31, 2020 Statement of Retained Earnings 12/31/20 Net Income Beginning Retained Earnings Non Cash Expenses and Acc Adj 80 Net Income Cash Flow from Ops Dividends 30 Cash Flow from Invest -300 Ending Retained Earnings 20 Cash Flow from Fin Change in Cash Beg Cash End Cash