Complete the following balance sheet using the information given. Round account balances to the nearest dollar. down your solutions step by step Solve for common equity using ROE-Net Income/Common Equity Retained Earnings Common Equity - Common Stock Net Fixed Asset Turnover -Sales/Net Fixed Assets Balance Sheet Income Statement Sales (All Credit) Cost of $30,000 goods sold 12,000 Cash Accounts receivable Operating Inventory Net fixed expenses 6,000 Interest assets expense 100 Total assets Taxes 1,365 Net income $2,530 Accounts payable Short-term notes payable $1,500 Ratios: Long-term Return on debt Equity= 15% Common Quick Ratio stock $5,000 = 1.2 Return on Retained Total Assets earnings 10% Total Net Fixed Liabilities Asset and equity Turnover 1.6 Current Ratio= Average Collection Period 45