Complete the balance sheet for Hope Bicycle Recycle Corporation. Round amounts to the nearest $100. Selected Financial

Complete the balance sheet for Hope Bicycle Recycle Corporation. Round amounts to the nearest $100.

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Selected Financial Information for Hope Bicycle Recycle Corporation Balance Sheet Hope Bicycle Recycle Corporation December 31, 2020 From Fiscal 2020 $450,000 Net sales (all credit). Assets Cash. 1 to 2 Liabilities to total assets. $1,000 Accounts receivable, net Income taxes.. $36,000 Profit. Inventory Average collection period. 60.83 days Plant and equipment, net. Total assets. Liabilities and Equity PPE asset turnover 3 times Inventory turnover. 5 times $114,000 Current liabilities . Expenses (including taxes of 40%). 12% bonds payable Current ratio 3 to 1 Total asset turnover. 1.5 times Common shares Retained earnings. $10,000 Retained earnings, Jan. 1, 2020. Total liabilities and equity. %24