Complete the following balance sheet using the information given. Round account balances to the nearest dollar.Balance Sheet$-$ Cash$-$ Accounts receivable$-$ Inventory$-$ Net fixed assets$-$ Total assets$-$ Accounts payable$-$ Short$-$term notes payable $$1,425-$ Long$-$term debt$-$ Common stock $$5,000-$ Retained earnings$-$ Total Liabilities and equityIncome Statement $($all credit$)-$ Sales $$20,000-$ Cost of goods sold $$10,000-$ Operating expenses $$6,000-$ Interest expense $$100-$ Taxes $$1,365-$ Net income $$2,535$Ratios:$-$ Profit Margin $=12\mathrm{.}675\%-$ Return on Equity $=15\%-$ Quick Ratio $=1\mathrm{.}2-$ Return on Total Assets $=10\%-$ Fixed Asset Turnover $=1\mathrm{.}6-$ Current Ratio $=2-$ Days Sales Outstanding $=45**$Answer:$$