Given the financial statements for Jones Corporation and Smith Corporation Current Assets Liabilities Cash 5 122.200 l Accounts payable Accounts receivable 80 200 Bonds payable (ong term) common slock Stockholders Equity Long-Term Assets Gross fixed assets 965,000 Less Accumulated depreciation 154 900 capital Net fixed assets 410 100 Retained earnings 666,100 Total liabilities and equity Sales (on credit 1,855,000 Cost of goods sold 1,137,000 351,000 Selling and administrative expense Net income 630 900 TUse net fired assets in computing toed asset tumover tincludes 513,200 in lease payments 106000 150,000 250,800 666.100