Big Rock Candy Mountain Mining Co. Balance Sheet For the Year Ended December 31, 2020 2020 2019 Assets Cash $16,435 $11,596 Marketable Securities 3.656 619 Accounts Receivable 45,896 47,404 Inventory 52,397 54,599 Total Current Assets 118,384 114,218 Gross Fixed Assets 436,573 397.023 Accumulated Depreciation 87.450 57,650 Net Plant & Equipment 349,123 339,373 Total Assets 467,507 453,591 Liabilities & Owner's Equity Accounts Payable $37,752 $36,819 Accrued Expenses 3,183 3,085 Total Current Liabilities 40,935 39,904 Long-term Debt 170,562 178,581 Total Liabilities 211,497 218.485 Common Stock ($1.00 par) 58,664 58,664 Additional Paid-in-Capital 136,807 136,807 Retained Earnings 60,539 39,635 Total Owner's Equity 256,010 235,106 Total Liab. & Owner's Equity 467,507 453,591 Big Rock Candy Mountain Mining Co. Income Statements For the Years 2019 and 2020 2020 2019 Sales $412.500 $398,600 Cost of Goods 318,786 315,300 Gross Profit 93,714 83.300 Depreciation 29.800 29,652 Selling & Admin. Expense 26,250 24,550 Other Operating Expense 1,210 1,245 Net Operating Income 36,454 27,853 Interest Expense 8.582 8,457 Earnings Before Taxes 27,872 19,396 Taxes 6.968 4.849 Net Income 20,904 14.547 Notes: Tax Rate 25.00% 25.00% Shares 52.100 52,100 Earnings per Share $0.40 $0.28