Given the following information, complete the balance sheet shown next.

Collection period	60	days
Days sales in cash	31	days
Current ratio	2.3
Inventory turnover	5	times
Liabilities to assets	70%
Payables period	35	days

(All sales are on credit. All calculations assume a 365-day year. The payables period is based on cost of goods sold.)

Note: Round your answers to the nearest whole dollar.

Cash $1,400,000

Accounts Receivable:

Inventory $2,000,000

Total Current Assets:

Net fixed assets:

Total Assets $7,00,000

Accounts Payable:

Short-term debt:

Total current liabilities:

Long-term debt:

Shareholder's equity:

Total liabilities and equity: