Given the following information, complete the balance sheet shown next. Collection period Days' sales in cash Current ratio Inventory turnover Liabilities to assets Payables period 60 days 34 days 2.4 5 times 65 37 days (All sales are on credit. All calculations assume a 365-day year. The payables period is based on cost of goods sold.) Note: Round your answers to the nearest whole dollar. Assets Current assets: Cash Accounts receivable Inventory Total current assets Net fixed assets Total assets Liabilities and shareholders' equity Current liabilities: $ 1,700,000 2,000,000 $ 7,000,000 Check my worl (All sales are on credit. All calculations assume a 365-day year. The payables period is based on cost of goods sold.) Note: Round your answers to the nearest whole dollar. Assets Current assets: Cash Accounts receivable Inventory Total current assets Net fixed assets Total assets Liabilities and shareholders' equity Current liabilities: Accounts payable Short-term debt Total current liabilities Long-term debt Shareholders' equity Total liabilities and equity $ 1,700,000 2,000,000 $ 7,000,000