2. A computer problem at Mike Owjai Finance has resulted in incomplete financial statements. Management of the company has asked you to see if you can fill in the missing data. Mike Owiai Finance Income Statements For the Year Ended December 31, 2016 Mike Owiai Finance Balance Sheet As of December 31,2016 2016 2016 Sales Cost of Goods Ratio Assets Ratio Cash $41,000 Ratio 386,250 Formula 2,010,000 Formula Ratio 2,325,500 Gross Profit Depreciation Selling & Admin. Expense Lease Expense Formula Accounts Receivable 63,000 Inventory 654,250 Total Current Assets 48,750 Grs Fixed Assets Earnings Before Interest &Taxes Earnings Before Taxes Net Income Formula Accumulated Depreciation Interest E xpense ll Rights Reerved, May not ba copiod, scanned, or duplicoted, in whR atio wN 00-aWet Plant & Equipment Formula Total Assets Taxes Formula Liabities & Owner's Equity Ratio Accounts Payable 378,750 Formula Ratio Ratio Ratio Formula Short-term Notes Payable Total Current Liabilities Long-term Debt Common Equity Total Liab. & Owner's Equity Note: Tax Rate 40.00%