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. December 31, 2020 December 31, 2019 Cash $ 26,500 $ 11,000 Accounts receivable (net) 77,500 123,500 Inventory 199,000 186,000 Accounts payable 52,000 93,000 Notes payable 28,500 64,000 Common stock, $100 par 388,000 388,000 Retained earnings 111,000 108,500 1. The inventory turnover is 3.7 times. The return on common stockholders' equity is 26%. The company had no additional paid-in capital. 2. 3. The accounts receivable turnover is 7.8 times. The return on assets is 12.5%. 4. 5. Total assets at December 31, 2019, were $591,000. 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 $