Part I: Calculations (Please demonstrate how you solve these problema). 1) Complete the 2019 balance sheet for Cole Fagan Industries using the information that follows it. (30 pts) Cole Easan Industries Balance Sheet December 31, 2019 120,000 Assets Cash Marketable securities Accounts receivable Inventory Liabilities and Stockholders' Equity 30,000 Accounts payable 25,000 Notes payable Accruals Total current liabilities 20,000 Total current asset Net fixed assets Long-term debt Stockholders' equity 292,000 Total assets s s Total liabilities and stockholders' equity a) Sales totaled $1,460,000 b) There are 365 days in the year c) The average collection period was 40 days d) The gross profit margin was 25% e) The inventory tumover was 5.0 f) The total asset turnover was 2.0 8) The current ratio was 2.0 2