Fill in the blanks to complete the balance sheet and sales information for the Burke Company, using the following financial data:

Debt/net worth: 50%

Acid test ratio: 1.2

Total asset turnover: 2.0 times

Average collection period: 30 days

Gross profit margin: 30%

Sales to inventory turnover: 5 times

Balance Sheet: Cash ____ Accounts payable____

Accounts Receivable ____ Owner Equity $25,000

Inventory ____ Retained Earnings $35,000

Plant/Equipment ____ Total Liab. + Equity ____

Total Assets ____

Income Statement: Sales ____

COGS ____