Current Attempt in Progress Panza Corporation experienced a fire on December 31, 2020, in which its financial records were partially destroyed. It has been able to salvage some of the records and has ascertained the following balances. Cash Accounts receivable (net) Inventory Accounts payable Notes payable Common stock, $100 par Retained earnings December 31, 2020 $29.500 71,000 205,000 53,500 27,500 395,000 103.000 December 31, 2019 $ 14,500 130.000 189,000 88,500 55,500 395,000 106,500 Additional information: 1 2. 3. The inventory turnover is 3.3 times. The return on common stockholders' equity is 28%. The company had no additional paid-in capital, The accounts receivable turnover is 9.2 times. The return on assets is 12.5% Total assets at December 31, 2019, were $591,000. 4. 5, Additional information: 1. 2. 3. 4. The inventory turnover is 3.3 times. The return on common stockholders' equity is 28%. The company had no additional paid-in capital. The accounts receivable turnover is 9.2 times. The return on assets is 12.5%. Total assets at December 31, 2019, were $591,000. 5. Compute the following for Panza Corporation (a) Cost of goods sold for 2020 $ (b) Net credit sales for 2020. $ (c) Net income for 2020 $ (d) Total assets at December 31, 2020