Moving to another question will save the response Question 9 Global Company and Local Company are competitors in the same industry Selected financial data from their 2020 statements follow Balance Sheet December 31, 2020 Global Company Local Company Cash $ 40,000 Accounts receivable 145,000 Inventory 220,000 Investments 130,000 Intangibles 43,000 $ 255,000 490,000 770,000 410,000 90,000 Property, plant, and equipment 550,000 Total assets $1.078.000 1000,000 $2.965.000 Accounts payable $190,000 $505,000 Bonds payable 310,000 1.240,000 Preferred stock, $1 par 160,000 100,000 Common stock, $10 par 310,000 850,000 Retained earnings 148.000 110.000 Total liabilities and capital $1,078.000 $2.965.000 Income Statement For the Year Ended December 31, 2020 Global Company Local Company Question 9 10 9 points Activate Wind Go to Settings to a