Construct the current assets section of the balance sheet from the following data. (Use cash as a plug figure after computing the other values.) (Use a 360-day year. Do not round intermediate calculations.)

Yearly sales (credit)		$	448,000
Inventory turnover			8	times
Current liabilities		$	108,000
Current ratio			2
Average collection period			36	days

Partial Balance Sheet
Current assets:
Cash
Accounts receivable
Inventory
Total current assets