Assuming that sales and production are steady throughout a $360-$day year, complete the balance sheet and income statement for ABC Coporation. $($Use the format xxxx$.$xx for the answers. Do NOT use $","$ or $"$$$".)$

balance sheet as of december $31,20$x$6$ in thousands

Known factors:

Cash and marketable securities $=900$

Bank loan $=1300$

Accruals $=600$

Cum. Depreciation $=3600$

Retained earnings $=300$

Cost of goods sold $=9600$

$\%$ of credit sales $=85\mathrm{.}00\%$

Gross profit margin $=20\mathrm{.}00\%$

Average tax rate $=30\%$

Interest coverage ratio $=10$ to $1$

Quick ratio $=1\mathrm{.}00$

Interest expenses $=140$

AR turnover ratio $=6\mathrm{.}00$

Inventory turnover ratio $=4\mathrm{.}80$

Returns on investment $=14\mathrm{.}00\%$

Debt to equity ratio $=2$ to $1$

Factors to answer:

Accounts payable $=$

Accounts receivable $=$

Inventories $=$

Current assets $=$

Current liabilities $=$

Long term debt $=$

Total debt $=$

Fixed assets at cost $=$

Common stock $=$

Net fixed assets $=$

Total equity $=$

Total liabilities and equity $=$

Net sales $=$

Gross profit $=$

SC&A expenses $=$

EBIT $=$

EBT $=$

Taxes $=$

Profit after taxes $=$