1. Please answer the following a. Length of the operating cycle in 2022= b. 2022 Total investment in working capital = c. 2022 Net capital expenditure = B A TLCo. Balance Sheet As of As of 12/31/21 12/31/22 A T L Co. Income Statement For the Year Ended 12/31/22 Assets \begin{tabular}{lrr} Cash & 150 & 200 \\ Accounts recelvable & 250 & 300 \\ Inventory & 300 & 350 \\ Current assets & 700 & 850 \\ Accounts payable & 200 & 250 \\ Accrued expenses & 100 & 100 \\ Short-term borrowings & 300 & 300 \\ \cline { 2 - 3 } Current liabilities & 600 & 650 \\ Working capital & 100 & 200 \\ Net fixed assets & 1,600 & 1,800 \\ Total assets & 1,700 & 2,000 \\ \cline { 2 - 3 } \end{tabular} Sales Cost of goods sold Gross profit Operating expenses Salaries Depreciation Occupancy Utilities Insurance Other Total operating expenses \begin{tabular}{r} 2,000 \\ 700 \\ \hline 1,300 \\ \hline \end{tabular} Operating income 600 500 Equity \begin{tabular}{lrr} Common stock & 200 & 300 \\ Additional paid-in capital & 300 & 400 \\ Retained earnings & 600 & 800 \\ \cline { 2 - 3 } Total equity & 1,100 & 1,500 \\ \cline { 2 - 2 } \end{tabular} Total liabilities \& equity Total liabilities \& equity Interest Net income before tax Income tax NJAi Net income after tax 60050550150 400