3-7. (Working with income statement and balance sheet) Prepare an income statement and a balance sheet from the following scrambled list of items. What is the firm's net working capital and debt ratio? Sales Accumulated depreciation Cash Cost of goods sold Accounts receivable Depreciation expense Accounts payable $550,000 190,000 ? 320,000 73,000 38,000 65,000 Interest expense 26,000 Short-term notes payable 29,000 Income taxes 59,850 Inventories 47,000 Marketing, general, and administrative expenses 45,000 Gross fixed assets 648,000 Long-term debt 360,000 Common stock 120,000 Other assets 15,000 Retained earnings 138,500 In addition, the firm has 10,000 shares outstanding and paid $15,000 in common stock dividends during the year.