3-8. (Working with an income statement and balance sheet) Prepare an income statement and a balance sheet for Lippo Group from the following scrambled list of items. What is the firm's net working capital and debt ratio? Sales $553,000 Accumulated depreciation 192,000 Cash Cost of goods sold 325,000 Accounts receivable 74.000 Depreciation expenses 40,000 Accounts payable 66,000 Interest expense 24,000 Short-term notes payable 30,000 Income taxes 59,850 Inventories 46,000 Marketing, general and administrative expenses 47,000 Gross fixed assets 650.000 Long-term debt 365,000 Common stock 125,000 Other assets 17,000 Retained earnings 138,500 In addition, the firm has 12,000 shares outstanding and paid $18,000 in common stock dividends during the year