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Q.3 Complete the following Balance Sheet of Sultan Inc. using the provided information. All figures are in Pakistani Rupees. Sultan Inc. Balance Sheet December 31, 2020 Assets Liabilities and Stockholders' Equity 65,480 Account Payable Cash 240,000 Marketable Securities 50,000 Notes Payable Accounts Receivable Accrals 40,000 Inventories Total Current Liabilities Total Cument Assets Long-term Debt Net Fixed Assets Stockholders' Equity 1,200,000 Total Assets Total Liabilities and Stockholders' Equity The below financial data for 2020 is also available: 1. Sales totaled Rs 3,600,000. 2. The gross profit margin was 25%. 3. Inventory tumover was 6.0. 5 4. There are 365 days in the year. 5. The average collection period was 40 days. 6. The current ratio was 1.60. 7. The total asset tumover ratio was 1.20. 8. The debt ratio was 60%. Required: Complete the balance sheet. Note: Show all the workings (Marks 8)