HLADNERd XC Remaining Time: 1 hour, 42 minutes, 22 seconds. Question Completion Status Question 9 The following comparative statement of financial position for Prett Co. is given for the financial periods 2019 and 2020: 2020 2019 PPE $430,000 $395,000 Accumulated depreciation of PPE 185,000 175,000 Copyrights 55,000 65,000 Receivables 23,000 15,000 Inventory 65,000 82,000 70,000 62,000 Prepaid expenses Cash 182.000 21.000 $640.000 $$15.000 Capital preferred shares $42,000 23,000 Premiun on preferred shares 140,000 160,000 Common stock 96,000 56,000 Retained earnings 45,000 34,000 Bond payable $7,000 Accounts payable 95,000 $5,000 Accrued liabilities 165.000 187.000 $640.000 $515.000 The income statement for 2020 is as follows: Net sales Cost of goods sold Gross profit Operating expenses Net income 62 2 13 3 r D 14 54 t R 25 16 -3 1 6 TYY! A 9