3-PT ARI is considering alternative working capital policies (current asset investment policy) with a restricted or relaxed pattern. Annual sales are estimated of $3,600,000, fixed assets turnover ratio of 4.0, and debt and common equity each is 50% of the total assets. Operating profit (EBIT) of $150,000, expenses interest per year on company debt (interest rate) is 10%, tax on profit company ( tax rate) is 40%. If the company adopts a working capital pattern that restricted, the total assets turnover will be 2.5. However, if the company applying the relaxed pattern, the total assets turnover will be 2.2.

Requested: Make a balance sheet with the two alternative working capital policies above, both with the pattern restricted or relaxed pattern. Include your calculations.