answer accurately and include additional information in calculation if the necessary accounts are affected. ANSWER ASAP PLEASE

The income statement for the year ended December 31, 20X6, for Total Inc. contains the following information: Total Inc. Income Statement Year Ended December 31, 20X6 Sale $50,000 Cost of goods sold $30,000 Gross Profit $ 20,000 Operating Expenses $15,000 Profit from Operations $ 5,000 Income Tax Expense $ 3,000 Profit $ 2,000 Total Inc. comparative balance sheet at December 31 Cash Accounts Receivable Inventory Equipment Accumulated Depreciation Total Assets 20X6 $ 1,200 $ 300 $ 5,000 $12,000 $(4,000) $14,500 20X5 $ 1,000 $ 1,500 $ 3,000 $ 8,000 $(2,000) $11,500 equipment Account Payable Long-term Notes Payable Common shares Retained Earnings $ 1,000 $ 2,000 $10,000 $ 1,500 $ 3,500 $ $ 8,000 $ Retained Earnings Total Liabilities & Shareholders' Equity $ 1,500 $14,500 $11,500 Additional Information: 1. Operating expenses include depreciation expense of $2,500 2. Accounts Payable related to the purchase of inventory 3. Equipment that cost $2,000 was sold for $1,500 cash 4. New equipment was purchased during the year for $5,000 5. Common shares were sold for $2,000 cash Round answers to fit 2 decimal places in all questions (in % questions a 0.12 is presented as 12%, so a 0.124 is rounded as 12% and 0.127 is rounded as 13%) The accounts receivable turnover at December 20X5 was: Multiple Choice Between 2.36 and 4.72 Between 1.18 and 2.35 Not enough data provided to calculate it Equal or above 4.73 Equal or below 1.17