need to calculate the EPS, operating income, total current liabilities, and

for 2019, the average collection period

Balance 12/31/19 Balance 12/31/18 1$ 125.000 2 52,000 3 4,000 430,000 $48.000 33,000 3,000 80,000 55,000 240,000 40,000 9,000 42,000 10,000 Cash 2 Accounts Receivable 3 Allowance for Doubtful Accounts 4 Inventory S Prepaid Rent 6 Equipment 7 Accumulated Depreciation 8 Land 9 Security Deposit 10 Patent 11 Accounts Payable 12 Wages Payable 13 Rent Payable 14Interest Payable Taxes Payable I Note Payable 17 Common Stock, ($1 Par Value) 19 Paid in Capital 19 Retained Earnings 20 Sales 21 Cost of Goods Sold 21Wage Expense 23 Rent Expense 24 Office Expenses 25 Depreciation Expense 2uBad Debt Expense 27 Interest Expense 28Income Tax Expense 6 320,000 7 60,000 8 20.000 9 1,000 10 9,000 11 69,000 12 8,000 15 6,000 145.000 25,000 16110,000 11 12,000 IS 108,000 14150,000 201,000,000 21 600,000 22 165,000 23 60,000 24 16,000 25 20,000 26 10,000 21 14,000 28 30,000 2,000 38,000 130,000 20,000 6,000 54,000 90,000 The land was acquired on April 1, 2019 for cash $20,000. The additional common stock was sold on Oct 1, 2019. The retained earnings balance for both years is after all closing entries have been made. The Note Payable requires payments of $20,000 principal plus interest at 10% on December 31" of each year