Q6: Complete 2019 balance sheet for Star industries using the in form ation that follows it. You are required to show all supporting cakulations as part of question. Star Industries Balance Sh eet As on December 31, 2019 Assets Liabilities and Stockhold er's Equity Accountspayable Cash $30,000 $120,000 Marketable Securities 25000 ? Account receivable Notes payable Accruals Total Current liabilities 20000 Inventories Total Current Assets Net fixed assets Total Asets Long term debt Stockholdr's equity Total liabilities & SE 600,000 The following financial data for 2013 arealso available; 1. Sales totall ed $ 18 00 000 2. The gross profit magin was 25% 3. Inventory turnover was 6.0 4 There are 360 days in the year The average collection period was 40 days The current ratio was 1.60 7. The total asset turnover ratio was 1.20 8 The debt ratio was 60%