Kindly provide me the solution of question:

7.6. The common-size balance sheet and income statement (in percent) Lyon Publications as of December 31, 1988 are given below. Lyon's level of cash on December 31, 1988 was $20,000 and interest paid during 1988 was $90,000. Cash Accounts payable Marketable securities Notes payable . Accounts receivable Wages payable Current liabilities 15 Inventory Long-term debt 30 "Current assets 30 Net fixed assets Common stock Total assets 100 Retained earnings Total liabilities and stockholders' equity 100 Sales 100 Cost of goods sold 65 Gross profit 35 246 Scanned with CamScanner Financial Ratio Analysis General, selling, and administrative expense 21 Net operating income 14 Interest Taxes Net income (a) Determine Lyon's balance sheet and income statement (in dollars) as of December 31, 1988. (b) Calculate the following ratios for Lyon as of December 31, 1988