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Create a professionally formatted balance sheet for General Aviation for December 3 1 , 2 0 2 3 , using the following information givem, and

Create a professionally formatted balance sheet for General Aviation for December 31,2023, using the following information givem, and round up to the nearest dollar (follow guide given to the right).
1. Sales totaled $720,000.
2. The gross profit margin was 38.7 percent.
3. Inventory turned 6 times.
4. There are 360 days in a year.
5. The average collection period was 31 days.
6. The current ratio was 2.35.
7. The total asset turnover was 2.81.
8. The debt ratio was 49.4 percent.
9. Total current assets equal $159,565.
10. Cash was $8,005
11. Accumulated depreciation was $50,000
12. Accounts payable was $28,800
13. Accruals was $18,800
14. Preferred stock was $2,451
15. Common stock at par was $30,000
16. Paid in capital in excess of par was $6,400
17. Retained earnings was $90,800
Cash is $8,005
Accumulated depreciation is $50,000
Accounts payable is $28,800
ACcruals is $18,800
Preferred stock $2,451
Common stock at par is $ 30,000
Paid-in capital in excess of par is $6,400
Retained earnings is $90,800

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