The following are the financial statements for Truman Company, with almost all dollar amounts missing:

The following information is available about Truman Company's financial statements:

1. Quick ratio, 2.5 .

2. Current ratio, 3.0.

3. Return on sales, 8.0 percent.

4. Return on common stockholders' equity (common stockholders' equity at January 1 was \(\$ 340,000), 20\) percent.

5. Gross profit percentage, 40 percent.

6. Accounts receivable turnover (accounts receivable (net) at January 1 were \(\$ 97,200\) ), 12 times.

7. The interest expense relates to the bonds payable that were outstanding all year.

Required 

Compute the missing amounts, and complete the financial statements of Truman Company. (Hint: Complete the income statement first.)

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Cash.... Accounts receivable (net). Inventory.. Equipment (net). Total assets TRUMAN COMPANY Balance Sheet 10% bonds payable December 31 ? Current liabilities... ? ? Common stock.. ? Retained earnings Total liabilities and $576,000 stockholders' equity $ ? 144,000 50,000 $576,000 Sales revenue.. Cost of goods sold. Gross profit on sales... TRUMAN COMPANY Income Statement For the Year Ended December 31 Selling and administrative expenses Income before interest expense and income taxes Interest expense...... Income before income taxes Income tax expense (20%).. Net income.... $ 10 ???? ?? $70,200