Builtrite ended 2018 with retained earnings of $1,800,000. At the end of 2019, Builtrite had net profits after tax of $1,200,000. During 2019 Builtrite paid preferred stock dividends of $200,000 and common stock dividends of $300,000. What is the 2019 end of year total for retained earnings? $2,100,000 $2,200,000 $2,300,000 $2,400,000 $2,500,000 Tot. Current assets Common Equity Fixed assets Tot. Liabilities & equity Total Assets Based upon the above information, the level of inventory equals: $176,000 $174,000 $162,000 $154,000 Builtrite Bakery is a new firm specializing in all-natural ingredient pastry products. In attempting to determine what the financial position of the firm should be the financial manager obtained the following average ratios for the baking industry for 2018: Common equity / total assets Total assets turnover Long-term debt/total assets Current ratio Quick ratio Average collection period (360-day year) 60% 3 times 20% 1.2 .75 10 days Complete the accompanying projected balance sheet for Builtrite Bakery assuming 2019 sales (all credit) are $5,400,000. Builtrite Bakery projected Balance Sheet ending December 31, 2019 Cash Current Liabilities Accts. Receivable Long Term Debt Inventory Total Debt Tot. Current assets Common Equity Fixed assets Tot. Liabilities & equity