UNILEVER PAKISTAN, INC. Comparative Income Statement For the Years Ended December 31, 2019 and 2020 Sales Less: Cost of Goods Sold Gross Profit on Sales Less: Operating Expenses Less: Loss on Sale of Marketable Securities Net Income (Loss) 2019 2020 $500,000 $350,000 200,000 140,000 $300,000 $210,000 260,000 243,000 1,000 $40,000 $(34,000) UNILEVER PAKISTAN, INC. Comparative Balance Sheets December 31, 2019 2020 Assets Cash and Cash Equivalents $10,000 $60,000 Marketable Securities 20,000 5,000 Accounts Receivable 40,000 23,000 Inventory 120,000 122,000 Plant and Equipment (Net of Accumulated Depreciation) 300,000 285,000 Totals $490,000 $495,000 Liabilities & Stockholders' Equity Accounts Payable $50,000 $73,000 Accrued Expenses Payable 17,000 14,000 Note Payable 245,000 253,000 Capital Stock (No Par Value) 120,000 13,500 Retained Earnings 58,000 20,000 Totals $490,000 $373,500 2 Additional Information for 2020: Cash Dividend Declared and Paid Marketable Securities Sold for Cash $4,000 14,000 Cost of Marketable Securities Sold 15,000 Non-operating Loss as Result of Sale of Securities 1,000 Cost of Plant Assets Purchased 20,000 Cash Paid for Plant Assets 2,000 Note Payable Issued for Balance Due on Plant Assets 18,000 Paid Off a Previous Note Payable 10,000 Cash Invested into Business by Owners 15,000