18. The statement of financial position of Trend, Inc. is presented below. These are the only accounts in Trends statement of financial position. Amounts indicated by question mark (?) can be calculated from the additional information given.

Assets:

Cash 25,000

Accounts receivable (net) ?

Inventory ?

Property, plant and equipment (net) 294,000

Total 432,000

Liabilities and Stockholders Equity

Accounts payable (trade) ?

Income taxes payable (current) 25,000

Long-term debt ?

Common stock 300,000

Retained earnings ?

Total ?

Additional Information:

Current ratio (at year end)

1.5 to 1

Total liabilities divided by total stockholders equity

0 .8

Inventory turnover based on sales and ending inventory

15 times

Inventory turnover based on cost of goods sold and ending inventory

10.5 times

Gross margin for the year

P315,000

What was Trends balance in trade accounts payable at year-end? What was Trends balance in retained earnings at year-end? What was Trends balance in the inventory account at year-end? The balance of Accounts Receivables as at the end of the year is The balance of Long-term debt as at the end of the year is Pls answer asap