Use the following Income Statement and Balance Sheet from AGGIE SUPPLY when referenced by the questions. (Note that some numbers are missing and may need to be filled in to answer the questions.) INCOME STATEMENT 2019 BALANCE SHEET End of 2019 Net Sales 23,000,000 Cash Account Receivable - Net 20,000 2,700,000 COGS Gross Margin 6,000,000 Inventory Pre-paids Other Current Assets 50,000 60,000 5,430,000 290,000 Total Current Assets Supervisory Outside Sales Office & Inside Sales Rent, Utilities, Tax Health Insurance Payroll Tax Other G&A Warehouse Expense Delivery Expense Depreciation TOTAL Operating Expense 330,000 130,000 250,000 130,000 700,000 350,000 1,000,000 200,000 3,530,000 PP&E Delivery Equipment Warehouse Equipment Office Equipment Accumulated Depreciation Total Long-term Assets 2,000,000 500,000 200,000 90,000 1,200,000 3,990,000 Total Assets 9,420,000 Net Operating Income (Loss) Accounts Payable Taxes Payable Other Current Liabilities Total Current Liabilities 230,000 190,000 1,820,000 Interest Expense 95,000 Net Profit (Loss) Before Tax Long-term Liabilities 1,900,000 Owner's Equity The following table is the purchase and sales transactions on part # 62032RS for Aggie Supply for the first five months of 2020. Number Unit of Units 1,500 700 Date Event 2/17/2020 Purchase 2/28/2020 Purchase 3/6/2020 Purchase 5/20/2020 Purchase TOTAL Cost $18.00 $18.25 $18.50 $18.75 Total Cost $25,500.00 $12,075.00 $21,000.00 $19,525.00 $78,100.00 1,200 1,100 4,500 Unit Total Number of Units 2,200 Date Event 4/15/2020** Sale Sale Price $25.00 $55,000.00