Exercise 13-12 Culver Corporation experienced a fire on December 31, 2017, in which its financial records were partially destroyed. It has been able to salvage some of the records and has ascertained the following balances. December 31, 2017 December 31, 2016 Cash $ 35,000 $ 17,800 74,300 131,000 Accounts receivable (net) Inventory Accounts payable Notes payable Common stock, $100 par Retained earnings 207,900 53,000 39,200 181,000 91,400 69,600 404,300 404,300 121,600 110,400 Additional information: 1. The inventory turnover is 6.3 times. 2. The return on common stockholders' equity is 20%. The company had no additional paid-in capital. 3. The receivables turnover is 12.0 times. 4. The return on assets is 19%. 5. Total assets at December 31, 2016, were $612,400. Compute the following for Culver Corporation. (Round all answers to 0 decimal place, e.g. 2,150.) (a) Cost of goods sold for 2017. $ (b) Net credit sales for 2017. (c) Net income for 2017. (d) Total assets at December 31, 2017. $ Click if you would like to Show Work for this question: Open Show Work