Selected comparative statement data for Ayayai Products Company are presented below. All balance sheet data are as of December 31. 2020 2019 Net sales $770,000 $710,000 Cost of goods sold 480,000 430,000 Interest expense 7,000 5,000 Net income 57,750 40,000 Accounts receivable 120,000 100,000 Inventory 85,000 70,000 Total assets 600,000 500,000 Total common stockholders' equity 400,000 300,000