Balance Sheet

Assets:$$End$$of: Period $2$ Period $1$ Period $0$

Current Assets

$$Cash $$43,265$ $$248,642$ $$198,914$

Short$-$Term Investments $57,72341,31633,053$

Accounts Receivable $2,886,1382,065,8121,652,650$

$$Merchandise Inventory $2,683,5601,840,0911,472,073$

Prepaid Expenses $48,61242,62534,100$

Total Current Assets $5,719,2984,238,4863,390,790$

$$

Property, Plant & Equipment $$7,338,053$ $$7,988,178$ $$9,147,640$

Total Assets $$13,057,351$ $$12,226,664$ $$12,538,430$

$$

Liabilities

Current Liabilities $1,333,602915,6451,052,992$

Long$-$term Liabilities $669,000356,00042,720$

Total Liabilities $2,002,6021,271,6451,095,712$

$$

Stockholders' Equity $11,054,74910,955,01911,442,718$

Liabilities $+$ Stockholders' Equity $$13,057,351$ $$12,226,664$ $$12,538,430$

Period $1$

$=$ Average Accounts Receivable $-$: Net Credit Sales x $365$

$=1,859,231-$: $5,482,000$ x $365$

$=123\mathrm{.}79$

$=124$ Days

calculate Period $2$

$($Round to the nearest whole number$)$