(Proforma balance sheet construction)Use the following industry-average ratios to construct a pro forma balance sheet for Karen's Beauty Products, Inc

Total asset turnover 1.5 times

Average collection period (assume 365-day year) 16 days

Fixed asset turnover 6 times

Inventory turnover (based on cost of goods sold) 2 times

Current ratio 1.8 times

Sales (all on credit) 3,000,000

Cost of goods sold 75% of sales

Debt ratio 50%

Fill in the assets section of the pro forma balance sheet.(Round all items to the nearest dollar.)

Cash	$nothing
Accounts receivable	nothing
Inventories	nothing
Net fixed assets	nothing
Total assets	$nothing