The following are the 2018 financial statements for Omni Company, with almost all dollar amounts missing:

The following information is available about Omni Company's financial statements:

1. Quick ratio, 0.95 .

2. Inventory turnover (inventory at January 1 was \(\$ 924,000\) ), 5 times.

3. Return on sales, 8.0 percent.

4. Accounts receivable turnover (accounts receivable (net) at January 1 were \(\$ 860,000\) ), 8 times.

5. Gross profit percentage, 32 percent.

6. Return on common stockholders' equity (common stockholders' equity at January 1 was \(\$ 3,300,000), 16\) percent.

7. The interest expense relates to the bonds payable that were outstanding all year.

Required 

Compute the missing amounts, and complete the financial statements of Omni Company. Hint: Complete the income statement first.

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Cash..... Accounts receivable (net).. Inventory...... Equipment (net). Total assets OMNI COMPANY Balance Sheet December 31, 2018 ? Current liabilities.. ? 8% bonds payable. ? Common stock... ? Retained earnings $6,500,000 Total liabilities and stockholders' equity Sales revenue.. Cost of goods sold. Gross profit..... OMNI COMPANY Income Statement For the Year Ended December 31, 2018 Selling and administrative expenses Income before interest expense and income taxes Interest expense... Income before income taxes Income tax expense (20%). Net income.. 950,000 $6,500,000 ?? ? a 80,000 $580,000