A vertical analysis of the income statement and some other information for Waldron Company follow: 

                                     Income Statement 

Sales …………………………….......... 100%

Cost of goods sold …………….……. 62

Gross margin ……………………....…. 38

Operating expenses ………………… 32

Net income ………………….....……….. 6

Operating expenses ………… $ 144,000

Asset turnover ……………….....….…. 2.5

Ratio of debt to equity ………...…… 0.5

Current ratio …………………….......… 1.8

Required: 

A. Determine the dollar amount for all items shown on the income statement.

B. Compute the dollar amounts for the following balance sheet items: 

1. Current assets. 

2. Property, plant, and equipment.

3. Total assets. 

4. Current liabilities (there are no long- term liabilities). 

5. Owners’ equity. 

6. Total liabilities and owners’ equity.