Freiman Corporation's most recent balance sheet and income statement appear below: Balance sheet December 31, Year 2 and Year 1 (in thousands of dollars) Year 2 Year 1 Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Plant and equipment, net Total assets $ 160 $ 120 220 240 120 130 40 40 540 530 700 700 $1,240 $1,230 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Antoe nouola 150 130 $ 90 90 chant om 60 7a Check my 1 oral current assets Plant and equipment, net Total assets 540 700 530 700 $1,240 $1,230 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock, $2 par value Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities & stockholders' equity $ 130 $ 150 90 90 60 70 280 310 280 290 560 600 es 100 100 200 200 380 330 680 630 $1,240 $1,230 Income Statement The A Server longe hen ORI M hulu > 2 Income Statement For the Year Ended December 31, Year 2 (in thousands of dollars) Sales (all on account) $1,310 Cost of goods sold 780 Gross margin 530 Selling and administrative expenses 359 Net operating income 171 Interest expense 35 Net income before taxes 136 Income taxes (30%) 41 Net income $ 95 The average collection period for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice O DI ON M huly 64.0 days 0.9 days 613 days 11 days