An incomplete income statement and an incomplete comparative balance sheet of Deines Corporation are presented below. Additional information:

1.		The accounts receivable turnover for 2017 is 10 times.
2.		All sales are on account.
3.		The profit margin for 2017 is 14.5%.
4.		Return on assets is 22% for 2017.
5.		The current ratio on December 31, 2017, is 3.0.
6.		The inventory turnover for 2017 is 4.8 times.

Compute the missing information given the ratios above.

DEINES CORPORATION Income Statement For the Year Ended December 31, 2017
Net sales		$12,870,000
Cost of goods sold
Gross profit
Operating expenses		1,948,050
Income from operations
Other expenses and losses
Interest expense
Income before income taxes
Income tax expense		655,200
Net income		$

DEINES CORPORATION Balance Sheets December 31
Assets		2017		2016
Current assets
Cash		$ 526,500		$ 438,750
Accounts receivable (net)				1,111,500
Inventory				2,012,400
Total current assets				3,562,650
Plant assets (net)		5,405,400		4,627,350
Total assets		$		$8,190,000
Liabilities and Stockholders Equity
Current liabilities		$		$965,250
Long-term notes payable				3,276,000
Total liabilities				4,241,250
Common stock, $1 par		3,510,000		3,510,000
Retained earnings		468,000		438,750
Total stockholders equity		3,978,000		3,948,750
Total liabilities and stockholders equity		$		$8,190,000