Part 1: (10 marks) Complete (build up) the financial statements below using the given information as follow: (show me the steps of your solving, writing the answers only are not acceptable). Assets cash 35000 Liabities accounts payables short term loans total current liabilities 50250 inventory account receivables total current assets fixed assets and equipment long term liabilities total liabilities common shares equity and retained earnings total liabilities + owners' equity total assets 45 days other information: 1- average age of inventory = 2- account receivables turn over = 3- net purchases = 4- net sales = 5- fixed assets turn over = 6- debt ratio = 7- quick ratio = 4 times 350000 $ 800000 $ 4 times 6096 2.5 times 8- gross profit = 9- average payment period = 450000 S 45 days